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The Netherlands furniture group IKEA, which owns and operates 362 IKEA department stores in 29 countries, announced its intention to cut 150 jobs in Sweden, the Netherlands and Belgium as part of the plan to reorganize global functions. The Swedish business newspaper Dagens Industry writes that the most jobs will be cut in Sweden - 110. The newspaper quotes the words of one of the leaders of the IKEA group, Tolga Öncü: “It is about changing the focus of the last 74 years from one channel of sales to a multi-channel business model”. According to him, the concern will deal not only with sales in traditional department stores, but also with the expansion of electronic services, as well as the creation of other forms of its stores.
Gold prices traded lower in Asia on Friday morning amid hopes for COVID-19 vaccines from the U.S. and U.K. bolstered investor appetite. Sentiment was further boosted with the European Central Bank (ECB) signaling that it may leave interest ...
U.S. President Donald Trump’s administration said on Monday that the small business pandemic aid program worth $660 billion was as a “wild success.” The data showed that 51 Million jobs for America’s small businesses ...
Levi Strauss & Co (LEVI.N) expects that its business would lose footing in the second half of the year. The company deemed it possible even as its sales were seen recovering at its reopened stores, following virus-related lockdowns imposed ...
U.S. stock index futures rose on Thursday, ahead of the much-awaited jobs report that could signal further evidence of an economic rebound in June. However, gains remained limited by the record surge in daily COVID-19 cases. Dow e-minis gained ...
On Wednesday, Ryanair's (RYA.I) Chief Executive Officer Michael Kevin O'Leary announced that around 3,500 jobs would be slashed at the airline unless it could agree on a series of pay cuts with staff. The warning came after the company resumed ...
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