IKEA

Type
Business expansion
Country
Germany
Region
Location of affected unit(s)
Sector
Wholesale / Retail
47 - Retail trade
47.5 - Retail sale of other household equipment
47.55 - Retail sale of furniture, lighting equipment, tableware and other household goods
5,000 jobs
Number of planned job creations
Job creation
Announcement Date
25 July 2005
Employment effect (start)
25 July 2005
Foreseen end date
31 December 2010

Description

Swedish furniture retailer has announced that it will continue to grow in Germany in an effort to expand its market share (currently 8 %). 4 markets will be opened each year in the foreseeable future, 5,000 jobs will be created until 2010.

Sources

  • 9 July 2005: Frankfurter Allgemeine Zeitung
  • 30 March 2005: Holtzbrinck.de
  • 25 July 2005: DDP
  • 17 August 2005: Frankfurter Allgemeine Zeitung

Citation

Eurofound (2005), IKEA, Business expansion in Germany, factsheet number 61982, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61982.