EMCC European Monitoring Centre on Change

Ikea

Company/Organisation:
Ikea

Geographic Location

Country: World

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.5 - Retail sale of other household equipment in specialised stores
Number Employed: 90000
Group: Ikea

Employment Effects

Announcement Date: 25-09-2006
Type of Restructuring: Business expansion
Planned Job Creation: 10000

Additional Information

Furniture giant IKEA plans to hire tens of thousands of new workers as the company continues to expand with dozens of new stores opening around the world, Chief Executive Anders Dahlvig said in an interview. "We have to hire at least around 10000 people a year to meet our ambition of continued growth," Dahlvig was quoted as saying in Swedish financial daily Dagens Industri. IKEA has more than 230 stores in 33 countries, and sales more than tripled in the last decade to 17,3 billion euro in the year ending on 31 August. The company plans to open 24 new stores in the next 12 months in countries including Germany, the United States and Sweden. IKEA is also looking at India, though it has no immediate plans to open any stores there, Dahlvig said. The company was founded by Swedish entrepreneur Ingvar Kamprad in 1943. IKEA is still privately held, which Dahlvig said "has contributed a lot to our success because we can act with a more long-term view than many listed companies."