IKEA has cut 10,000 jobs after stopping all operations in Russia.
The Swedish furniture giant posted a six per cent rise in full-year sales today, described as a "challenging" year due to inflation and its decision to scale back operations in Russia.
The company, which halted retail operations in Russia in March after Moscow's invasion of Ukraine, has already "had to say goodbye" to around 10,000 of its 12,000 employees in Russia, Jesper Brodin, the chief executive of the holding company Ingka that manages most of Ikea's stores, told AFP.
