Russia: IKEA says it laid off 10,000 staff after halting production
'Challenging' year for Ikea, 10,000 layoffs in Russia, 13 October 2022
Following Russia's invasion of Ukraine, Ikea closed its 17 shops and halted production in the country, where it was one of the largest Western employers before the war with 15,000 employees.
According to Dutch holding company Inter Ikea's CEO Jon Abrahamsson Ring, a "substantial reduction" of employees had already been carried out.
The 2022 fiscal year "was a challenging year for the world, of course with all the things going on around us with pandemics but also very steep increasing inflation," Abrahamsson Ring told AFP.
Jesper Brodin, the CEO of Ingka, a holding company that manages most of Ikea's stores, told AFP that they "had to say goodbye" to around 10,000 staff out of the 12,000 retail employees in Ikea's Russian stores...