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.
Manufacturing Manufacturing Of Furniture And Other Manufacturing Manufacture Of Furniture 31 - Manufacture of furniture
100 jobs Number of planned job losses
Announcement Date
13 October 2008
Employment effect (start)
14 February 2009
Foreseen end date
Description
IKEA, a furniture manufacturer, is to make 100 employees redundant in Sweden. The redundancies given in Sweden are a necessary adjustment to the current situation, claims the Swedish CEO in an interview. The 100 employees to be made redundant work in the storing department. The CEO does not know how long it will take until the restructuring is complete, and he will not specify a timeline because it is too early to guess.
IKEA was founded in 1943 by Ingvar Kamprad when he was only 17. Today, IKEA has about 118,000 employees in 40 countries. The company produces and sells furniture and other items for homes and offices. One of the cornerstones of the IKEA business is low prices, achieved by using the concept of self assembly and flat packages to save money on distribution, staff and storing.
Sources
14 October 2008: Svenska Dagbladet
Citation
Eurofound (2008), IKEA, Internal restructuring in Sweden, factsheet number 67240, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67240.
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