What made IKEA give up production in Romania? - Azi

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The business model that brought IKEA annual sales of over 20bn euros, which targets the lowest possible costs, was the reason why the Romanian plant, held by its production unit, Swedwood, was forced to close down.

The retailer is pursuing a maximum cut down in costs across all production and sales stages, and the increase registered by these indicators, in an area where IKEA has a production facility, has forced the plant to exit the market. In recent years, the Swedwood facility in Suceava...

Read the whole story in: Ziarul Financiar