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
300 jobs Number of planned job losses
Announcement Date
10 July 2007
Employment effect (start)
Foreseen end date
1 January 2008
Description
Ikea is cutting 300 UK managerial positions at a time of 'challenging' trading conditions in the home furnishing sector. The positions will go by January 2008, but a spokeswoman said affected staff could apply for replacement jobs. Ikea said in a statement that its UK operations needed to become 'more productive, efficient, and flexible'.
The Swedish group has 15 stores across the UK and employs 9,000 workers. Another two branches will open later this year.
Sources
10 July 2007: BBC Website
Citation
Eurofound (2007), Ikea, Internal restructuring in United Kingdom, factsheet number 65609, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/65609.
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