Ikea to slash thousands of jobs globally

Swedish furniture giant Ikea said it would create 11,500 new jobs around the world within Ingka, the holding company that controls Ikea, in the coming two years. But in the same period, it may have to cut 7,500 other jobs. It said a total of 650 jobs would be cut in Sweden. The most affected offices will be those in Malmö, Helsingborg and Älmhult. Ikea currently operates in 30 countries with 160,000 employees worldwide. Although on a global level, 4,000 more jobs are forecast to be created than cut over the two-year period, it is unclear how the roles will be distributed across the different countries Ikea operates in. Ikea needs to go from a traditional business model to a more digital one and will make “extensive investments in digitalization and sustainability”. It will also be opening new department stores and city shops, the furniture giant explained in a statement. - The Local -



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