IKEA

Type
Business expansion
Country
Portugal
Region
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.5 - Retail sale of other household equipment
47.55 - Retail sale of furniture, lighting equipment, tableware and other household goods
1,650 jobs
Number of planned job creations
Job creation
Announcement Date
9 June 2006
Employment effect (start)
31 December 2010
Foreseen end date

Description

Swedish furniture retailer IKEA will open five new stores, a factory of the industrial group Swedwood and two shopping malls until 2015 in Portugal.

In a first phase of the expansion, during the next 4 years, IKEA will create more than 1,650 direct jobs. During this first phase the construction of a manufacturing unit Swedwood is foreseen. This new surface will create 225 direct jobs. The location of this new factory is Paços de Ferreira.

The plans for the next 4 years also contemplate the construction of 3 new IKEA centres, the first one of which will open in Matosinhos in 2007.

Sources

  • 9 June 2006: Público

Citation

Eurofound (2006), IKEA, Business expansion in Portugal, factsheet number 63663, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63663.