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.
Wholesale / Retail Retail trade Retail sale of other household equipment 47.55 - Retail sale of furniture, lighting equipment, tableware and other household goods
300 jobs Number of planned job creations
Announcement Date
1 April 2013
Employment effect (start)
1 July 2013
Foreseen end date
1 July 2014
Description
Swedish furniture retailer IKEA is to open a new store in Algarve, Portugal creating 300 new jobs. The recruitment will start in the second semester of 2013 and the new store will operate during the second semester of 2014. Despite the crisis, the Swedish group announced that four new stores will open in Portugal until 2020, creating around 10,000 direct and indirect jobs. For the most recent development of IKEA in Portugal see IKEA – Portugal 2011.
Sources
2 April 2013: TVI online
1 April 2013: Diário Económico
Citation
Eurofound (2013), Ikea, Business expansion in Portugal, factsheet number 75213, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75213.
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