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Ikea Group to cut 7,500 administrative jobs

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Ikea Group, which owns the most Ikea furniture stores, plans to slash 7,500 jobs during the next couple years.

The majority of the cuts will be administrative staff in central support functions.

The owner of 367 Ikea stores plans to, at the same time, create 11,500 new jobs as it grows stores and e-commerce solutions.

Read more from Reuters.

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