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 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
350 jobs Number of planned job losses
500 jobs Number of planned job creations
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.
Sources
Citation
Eurofound (2018), Ikea, Internal restructuring in United Kingdom, factsheet number 96067, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/96067.
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