The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Sale Of Other Household Equipment In Specialised Stores 47.5 - Retail sale of other household equipment in specialised stores
10,000 jobs Number of planned job creations
Announcement Date
25 September 2006
Employment effect (start)
Foreseen end date
Description
Furniture giant IKEA plans to hire tens of thousands of new workers as the company continues to expand with dozens of new stores opening around the world, Chief Executive Anders Dahlvig said in an interview. "We have to hire at least around 10000 people a year to meet our ambition of continued growth," Dahlvig was quoted as saying in Swedish financial daily Dagens Industri. IKEA has more than 230 stores in 33 countries, and sales more than tripled in the last decade to 17,3 billion euro in the year ending on 31 August. The company plans to open 24 new stores in the next 12 months in countries including Germany, the United States and Sweden. IKEA is also looking at India, though it has no immediate plans to open any stores there, Dahlvig said. The company was founded by Swedish entrepreneur Ingvar Kamprad in 1943. IKEA is still privately held, which Dahlvig said "has contributed a lot to our success because we can act with a more long-term view than many listed companies."
Sources
25 September 2006: Dagens Industri
25 September 2006: Sveriges Radio
25 September 2006: International Herald Tribune
Citation
Eurofound (2006), Ikea, Business expansion in World, factsheet number 64155, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64155.
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