IKEA Makes Permanent Cuts To Its Russian Business

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IKEA Makes Permanent Cuts To Its Russian Business

Topline Home retail giant IKEA announced Wednesday it will significantly scale back its operations in Russia, closing four factories and shedding some of its Russian workforce, becoming the latest multinational firm to permanently punish Russia for its invasion of Ukraine. Key Facts IKEA’s holding company, Inter IKEA, said in a release it would close the…
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