Ikea plans to sell factories, shut down offices and reduce its workforce of nearly 28,000 in Russia over Moscow's invasion of Ukraine, the Swedish furniture retailer announced on Wednesday.
Ikea plans to sell factories, shut down offices and reduce its workforce of nearly 28,000 in Russia over Moscow'sThe world's biggest furniture brand in early March said it would temporarily close stores and postpone sourcing in Russia as it and otherIkea's retail business in Russia and Belarus will stay shuttered and its workforce reduced, affecting"many co-workers," the company stated on Wednesday. Ikea first came to Russia in 2000.
"The circumstances have not improved, and the devastating war continues," Ikea said in the statement."Businesses and supply chains across the world have been heavily impacted and we do not see that it is possible to resume operations any time soon."
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