Wholesale and retail trade; repair of motor vehicles and motorcycles
47.5 - Retail sale of other household equipment in specialised stores
Announcement Date: 09-06-2006
Type of Restructuring: Business expansion
Employment Effect Start: 31-12-2010
Planned Job Creation: 1650
Swedish furniture retailer IKEA will open five new stores, a factory of the industrial group Swedwood and two shopping malls until 2015 in Portugal. In a first phase of the expansion, during the next 4 years, IKEA will create more than 1,650 direct jobs. During this first phase the construction of a manufacturing unit Swedwood is foreseen. This new surface will create 225 direct jobs. The location of this new factory is Paços de Ferreira. The plans for the next 4 years also contemplate the construction of 3 new IKEA centres, the first one of which will open in Matosinhos in 2007.