You are here: Home » Economy & Policy ยป News
Business Standard
Web Exclusive

IKEA aims 10-fold rise in India workforce to 15k as it plans global layoffs

The company intends to reach 200 million Indians in the coming three years through different channels as it looks at India as a new and expanding retail market

Swedish furniture major IKEA on Wednesday said its employee count in India may see a ten-fold rise to 15,000 in future, whereas the company may look at trimming around 7,500 jobs globally as part of restructuring. Also, IKEA said it is on track to invest 1.5 billion euros in India and aims to be present in many cities in the country in the coming years.

In August 2018, the global furniture giant opened its first India store in Hyderabad and is looking to enter Mumbai next with online and stores. The company intends to reach 200 million ...

First Published: Thu, November 22 2018. 11:40 IST
RECOMMENDED FOR YOU


Notice: Undefined property: stdClass::$canonicalUrl in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 449