Sweden-based home furnishing giant, Ikea is all set to cut about 7,500 jobs in the United Kingdom in the coming two years. The company said that primarily administrative staff across its central support functions will make an exit.
The retailer is reportedly looking to focus more on its online presence in a bid to remain competitive in the market among the customers. Ikea is in a transitional mode and is looking to enhance its digital, delivery and other services along with testing new store formats which are equipped to meet the demands of rapidly-changing retail environment and consumers.
Notably, the Swedish retailer has also announced that it will generate 11,500 new job opportunities in the same period, as it looks to expand its presence worldwide, which is primarily based on e-commerce retailing.
Reportedly, the anticipated redundant amount of workforce is around five per cent of the total workforce of Ikea. Jesper Brodin, Chief Executive, Ikea told the media that “We need to simplify the way we are organised. Over the last years, we have invested in resources in many different ways. And, to be honest, now we see that in various segments of our firm, we have a bit of duplicate work.”
It is important to add here that Ikea registered 838 million visitors in its stores across 30 countries, marking a 3 per cent rise as compared to a year before. However, the company’s web page meanwhile, witnessed 2.4-billion visitors, recording a surge of 10 per cent.
The significant numbers on its online platform, propelled the home furnishing retailer to focus more on booming business.
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