IKEA

Type
Business expansion
Country
Hungary
Region
Kozep-Magyarorszag; Kozep-Magyarorszag; Budapest
Location of affected unit(s)
Budapest
Sector
Retail
Wholesale Trade, Except Of Motor Vehicles And Motorcycles
Wholesale On A Fee Or Contract Basis
46.15 - Agents involved in the sale of furniture, household goods, hardware and ironmongery
300 jobs
Number of planned job creations
Job creation
Announcement Date
16 November 2016
Employment effect (start)
Foreseen end date

Description

IKEA - a Swedish furniture retail chain - is planning to open its third store in Hungary, in Budapest. The new investment will have created 300 new jobs by the first half of 2017.  IKEA is not only planning to open a new store but also wants to develop its online service in Hungarian market. By the end of 2017, the company will have introduced its home delivery service. 

Sources

  • 16 November 2016: origo.hu
  • 16 November 2016: Napi.hu

Citation

Eurofound (2016), IKEA, Business expansion in Hungary, factsheet number 89144, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89144.