Inter Ikea Group plans to cut 850 jobs worldwide

The Inter Ikea Group – the global franchisor behind the brand, responsible for the design and supply of the legally independent Ikea stores – intends to cut around 850 jobs worldwide, with approximately 300 positions affected in Sweden. Together with all 13 Ikea franchisees, the group plans to focus on driving sales growth, implementing significant price reductions and increasing visitor numbers across all customer touchpoints. The company is responding to a retail environment that increasingly demands simplicity and speed. CFO Henrik Elm explained that the organisation has become somewhat too complex and fragmented. A simplified structure with fewer priorities is designed to enable faster decision-making and lower costs, thereby securing product affordability for customers. The new organizational structure is scheduled to be established before the end of the calendar year.

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