Categories Markets, Retail

IKEA Group to cut 7,500 jobs

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.

IKEA plans to cut 7500 jobs
IKEA Southampton (Source: IKEA)

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.

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