EMCC European Monitoring Centre on Change

Ikea

Company/Organisation:
Ikea

Geographic Location

Country: Italy
Location of affected unit(s): various locations across the country

Company

Sector: Retail
Wholesale and retail trade; repair of motor vehicles and motorcycles
47.59 - Retail sale of furniture, lighting equipment and other household articles in specialised stores
Number Employed: 6654

Employment Effects

Announcement Date: 11-04-2016
Type of Restructuring: Business expansion
Employment Effect Start: 01-06-2016
Foreseen End Date: 31-12-2018
Planned Job Creation: 1000

Additional Information

Swedish furniture retail chain Ikea is to open new stores in Italy, at first in Cagliari (Sardinia) and Rome (Lazio), envisaging 1,000 new hirings by the end of 2018.

The company's turnover in Italy increased by 5.5% in 2015 in Italy and the net profit reached about €10 million. This positive performance on the Italian market triggered the decision to increase the number of stores in Italy. In addition, the company will introduce 'pick up points' in city centres for goods ordered online, thus saving on shipping costs.