Ikea is slashing more than 7,000 jobs worldwide, including 350 in the UK, as the Swedish furniture chain adapts to a global retail market that it says is changing at an unprecedented scale and pace.
Ingka Group, the parent company of Ikea, which employs 160,000 people worldwide, made the announcement yesterday in a further sign of the immense structural changes sweeping the industry as more people shop online.
It is thought that many of the jobs to go will include back and head office roles, which Ikea described as global functions. The group — long held up as an exemplar of a lean, efficient and entrepreneurial operation — said it had allowed its corporate structure to become overly complex.
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