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 47.5 - Retail sale of other household equipment in specialised stores
1,650 jobs Number of planned job creations
Announcement Date
9 June 2006
Employment effect (start)
31 December 2010
Foreseen end date
Description
Swedish furniture retailer IKEA will open five new stores, a factory of the industrial group Swedwood and two shopping malls until 2015 in Portugal.
In a first phase of the expansion, during the next 4 years, IKEA will create more than 1,650 direct jobs. During this first phase the construction of a manufacturing unit Swedwood is foreseen. This new surface will create 225 direct jobs. The location of this new factory is Paços de Ferreira.
The plans for the next 4 years also contemplate the construction of 3 new IKEA centres, the first one of which will open in Matosinhos in 2007.
Sources
9 June 2006: Público
Citation
Eurofound (2006), IKEA, Business expansion in Portugal, factsheet number 63663, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/63663.
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