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 47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
1,700 jobs Number of planned job creations
Announcement Date
15 September 2016
Employment effect (start)
1 September 2016
Foreseen end date
31 August 2025
Description
IKEA has announced a business expansion plan until 2025 for its Spanish market which involves opening new stores, relocating other stores and improving the quality of existing stores. According to this plan, IKEA will create 14,000 jobs, of which 1,700 will be IKEA's staff. The plan has been announced alongside the good results of the company in Spain for the last year (from 1 September 2015 to 31 August 2016): an increase of 8% of turnover and of 12,5% in staff, as compared to the previous year.
Sources
15 September 2016: Expansión
20 September 2016: Portalparados
Citation
Eurofound (2016), IKEA, Business expansion in Spain, factsheet number 88697, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/88697.
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