IKEA Group looks to cut 7,500 jobs in the next couple of years, according to the company. The furniture giant said these jobs would mostly be administrative staff in central support roles.
However, IKEA Group said that it also plans to create 11,500 more jobs in the same period as it explores new formats of retail sale and in online channels.
IKEA confirmed that this reorganization is not aimed at store operation or distribution units, and said that it was trying to cut down on duplicate roles.
Earlier this week, Business Insider reported that IKEA employees were dissatisfied with the company due to a policy introduced in 2017 across all of its US stores.
The O4G policy — which moves around the roles of store workers — seemed to have caused dissent among its employees, or “co-workers” as the company terms them.
Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
