Post by ETRetail

850 jobs cut. €44.6 billion in sales. A global retail giant says it became ‘too complex’ to move fast. Ikea to cut 850 jobs at parent company Inter IKEA Group, the holding company that oversees Ikea, announced Monday that it was cutting 850 jobs, saying its organisation with 27,700 employees overall had grown too "complex". "Despite many positive achievements, Inter Ikea Group has grown a bit too complex and too fragmented in a retail environment that requires simplicity and speed," Henrik Elm, chief financial officer of Inter Ikea Group, said in a statement. Read More: https://lnkd.in/gaii44jr #RetailNews #IKEA #GlobalBusiness #CorporateRestructuring