Ikea to cut 350 UK jobs amid global transformation plans

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"2">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Prosecutors have not confirmed where he is being held&period; Despite the arrests&comma; analysts said the impact on Nissan’s sales would likely be minimal&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;I’d be surprised if it impacts car sales very much&comma;” said Christopher Richter&comma; auto analyst for CLSA Securities Japan&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Consumers are discerning enough to say&colon; This car&comma; the wheels might fall off so I’m not going to buy it&period; This car company&comma; the executive might have done something kind of dodgy&comma; but do I like the car or not&period;”<&sol;p>&NewLine;<p>Javier Quinones&comma; country retail manager for Ikea in the UK and Ireland&comma; said the company had to make difficult decisions as it adapts to a &OpenCurlyDoubleQuote;fast-changing retail environment”&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Co-workers are at the heart of our business and throughout this transformation we will have an ongoing dialogue on how to navigate these changes&comma; to ensure we do this in a way in line with our values and ensuring that our co-workers feel supported&comma;” he said&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are confident these changes will secure the future of Ikea and will benefit its customers and ultimately its co-workers&period;”<&sol;p>&NewLine;<blockquote><p>We will put greater emphasis on making our existing stores even better and taking the opportunity to renew and reinvent our business in a way that is inspired by our history&comma; culture and values<&sol;p><&sol;blockquote>&NewLine;<p>The company also said it will create 11&comma;500 new jobs over the next two years through new openings and investment in delivery and digital operations&period; This includes 500 new jobs at the UK’s newest store in London’s Greenwich&comma; which is due to open in Spring 2019&period;<&sol;p>&NewLine;<p>The UK capital is also home to a new Planning Studio on Tottenham Court Road&comma; as part of a push towards opening smaller format stores in city centres&period;<&sol;p>&NewLine;<p>However&comma; in May the group ditched plans to build a store near Preston amid uncertainty on the British high street as retailers are hammered with soaring costs&period; Ikea had planned to open the store in 2020&comma; creating 350 jobs&period;<&sol;p>&NewLine;<p>Jesper Brodin&comma; chief executive of Ikea’s global parent company Ingka Group&comma; said the retailer had to adapt to changing customer behaviour&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We will put greater emphasis on making our existing stores even better and taking the opportunity to renew and reinvent our business in a way that is inspired by our history&comma; 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