Ikea rewards its employees with 110 million euros

 The Ingka Holding Group, which operates a chain of stores by the Swedish furniture giant IKEA, plans to offer a total of 110 million euros in bonuses to all its employees in recognition of their "enormous efforts" during the Covid-19 pandemic, according to a statement. The company revealed.

“The pandemic has put us in a situation that none of us were prepared for,” said Ulrika Bezert, one of the group’s officials. “We went from mostly physical store service to online activity in two weeks.”

And she added, "The workers cooperating with us are the heroes who redirected our company to serve customers in the best possible way."
Engka employs more than 170,000 people and operates branches in 32 markets around the world.

The bonuses will be distributed to all employees “on August 31, who are in their positions until the payment date of January 2022.” The shares offered vary in different markets.

This bonus is added to the annual bonus granted by the company based on performance levels.
Ingka, whose activities account for about 90% of the Swedish giant's turnover, has withstood the COVID-19 pandemic, despite its profits slumping during the postponed fiscal year between September 2019 and August 2020.
Losses from Store closures and restrictions on movement are increasing consumer demand for furniture during the pandemic, which has prompted people to spend more time at home, according to Engka.
During the fiscal year from September 2020 to August 2021, turnover increased by 6.3%, driven by e-commerce, the group revealed in mid-October.
Ingka is expected to publish more detailed results on November 30 and does not rule out that it will face a shortage of some commodities due to supply problems that are expected to continue until 2022.

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