Ikea to promote factories and reduce jobs in Russia over its invasion of Ukraine

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Ikea plans to promote factories, shut down places of work and cut back its workforce of practically 28,000 in Russia over Moscow’s invasion of Ukraine, the Swedish furnishings retailer introduced on Wednesday.

The world’s greatest furnishings model in early March stated it will briefly shut shops and postpone sourcing in Russia because it and different corporations moved to comply with Western sanctions

Ikea’s retail enterprise in Russia and Belarus will keep shuttered and its workforce diminished, affecting “many co-workers,” the corporate acknowledged on Wednesday. Ikea first got here to Russia in 2000.

“The circumstances haven’t improved, and the devastating struggle continues,” Ikea stated within the assertion. “Companies and provide chains internationally have been closely impacted and we don’t see that it’s attainable to renew operations any time quickly.”


Russians flock to rebranded former McDonald’s restaurant

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The corporate will start in search of patrons of its 4 factories in Russia, completely shut two buy and logistics places of work in Moscow and Minsk, and cut back employees, it stated. 

Current weeks have seen each the Starbucks logo and McDonald’s Golden Arches dismantled in Russia after each chains exited the nation over its struggle in Ukraine. Russians noticed greater than a dozen McDonald’s eating places reopen on Sunday beneath new branding and new Russian possession.

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