Home Business News Ikea ‘temporarily pauses operations in Russia’ due to huge human impact caused by the war

Ikea ‘temporarily pauses operations in Russia’ due to huge human impact caused by the war

by LLB staff reporter
3rd Mar 22 2:52 pm

Ikea has suspended “operations in Russia” affecting 15,000 workers as they have shuttered its 17 outlets in the country.

The Swedish flatpack furniture giant will “temporarily” pause production as three manufacturing sites in Russia including all export and import in and out for Russian and Belarus.

Brand owner Inter Ikea and store owner Ingka Group said they had “secured employment and income stability” for the workers directly impacted.

Ikea said, “The war has a huge human impact already.

“It is also resulting in serious disruptions to supply chain and trading conditions.

“For all of these reasons, the company groups have decided to temporarily pause Ikea operations in Russia.”

“The devastating war in Ukraine is a human tragedy and our deepest empathy and concerns are with the millions of people impacted,” Ikea added.

Ikea’s last financial year the company made retail sales of £1.3bn in Russia which accounts for around 4% of total retails sales.

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