Ikea

Type
Internal restructuring
Country
United Kingdom
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
350 jobs
Number of planned job losses
Job loss
500 jobs
Number of planned job creations
Job creation
Announcement Date
21 November 2018
Employment effect (start)
Foreseen end date

Description

Swedish furniture retailer Ikea has announced that it is to cut 350 UK office jobs as part of its worldwide restructure which will see the loss of 7,500 jobs. The changes are a response to changing customer behaviour and mean the Ikea will concentrate on its online content and city centre businesses to meet customer preferences. In the UK the company also confirmed that it would be opening a new store in Greenwich in the spring of 2019 which will result in the creation of 500 new jobs. 

Citation

Eurofound (2018), Ikea, Internal restructuring in United Kingdom, factsheet number 96067, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96067.