Essential reading for retailers and suppliers in the home improvement market

Ikea owner warns of further job cuts

Published: 8 July 2009
Swedish retailer counts the cost of property slump
Ikea owner warns of further job cuts
The founder of Ikea has warned that the Swedish retailer must lose more jobs to deal with the tough economic climate.

Speaking to Swedish newspaper Dagens Industri, Ingvar Kamprad made it clear that he did not believe the 5,000 jobs the company has already shed globally would be enough. "We need to decrease the number of staff further, particularly within manufacturing and logistics," he said. "It's about adjusting to sales being a lot less and becoming more efficient."

As with other furniture and DIY retailers, Ikea has been badly affected by the slump in the housing market. The company's sales are running at about 7% below its target.

Ikea has 299 stores in 36 countries; 265 of these, in 24 countries, are owned by the group itself and the rest are operated as franchises. The group has 19 stores in the UK, including sites in Edinburgh and Glasgow.


(Your email address will not be published)
4 + 7 =  
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories