IKEA pauses operations in Russia.
In March of 2022 Ingka Group, the parent company of Inter IKEA Systems BV, announced that they are halting retail operations, including those of sub-suppliers, in Russia and Belarus due to the Russian invasion of Ukraine. This decision impacts 15,000 IKEA workers, as well as long standing production operations. The lasting effects of this decision hangs upon the unknown results of the conflict.
COVID|Labor|New ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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