Ikea restructures: 7,500 jobs eliminated worldwide by 2020
The Swedish furniture giant announces its restructuring, which will include the abolition of 7,500 jobs worldwide by 2020, or 4.7% of the total workforce – currently 160,000 – Ingka Holding, home- mother of Ikea Group, and also the largest franchisor of the company with 367 stores in 30 countries … These deletions will mainly concern global functions and positions in subsidiaries of all markets.
In parallel, 11,500 new jobs generated in the distribution and digital
On the other hand, the opening of some 30 new outlets, as well as investments in the distribution network and digital, will generate 11,500 new jobs in the world over the next two years, says the group. “We continue to grow and achieve strong performance,” says Jesper Brodin, CEO of Ingka Group. At the same time, we recognise that the retail sector is changing on a scale and pace we have never experienced before. While customer behavior is changing rapidly, we are investing and developing our business to meet their needs more appropriately. We will put more emphasis on improving our existing stores, and seize this opportunity to renew and reinvent the business in a way that is inspired by our history, culture and values […] “The Ingka Group had a record of 4.7% growth over 2018 (ended August 31st), with a turnover of 34.8 billion euros.