IKEA closes Siret plant and lays off 400 - Azi

All news

Swedish furniture producer Swedwood, held by the most powerful furniture and interior decorations retailer in the world, IKEA, closed its only furniture factory on the Romanian market at the end of last month.

"We"ve been having very serious problems for a while now due to the raw material costs. They went up 70% over the last three years and on August 22, Swedwood"s Board of Directors decided to close the factory. We are now in talks so as to make as little a social impact as possible,"...

Read the whole story in: Ziarul Financiar