Ikea Lost $5,000 When Each Worker Quit. So It Began Paying More [Financial Post (Toronto, Ontario, Canada)]
Dollar General Corporation (DG)
Last dollar general corporation earnings: 3/12 06:55 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Ikea's workers were quitting in droves in the US. In the UK and Ireland, half of all new hires were leaving before their first anniversary. Globally, each departure cost Ikea $5,000 or more to replace. To stem the bleeding, the Swedish furniture behemoth needed to figure out what was making its store workers so unhappy — and fix it fast. By 2022, more than 62,000 employees were departing a year for various reasons, equating to about a third of its workforce, and the pandemic-era labor shortage made it difficult to replenish its ranks. Article content Workers “suddenly became very scarce,” said Jon Abrahamsson Ring, chief executive officer of Inter Ikea Group — the umbrella entity that oversees Ikea's store franchising, product design and supply chain — in a recent interview in New York. Ikea focused on things that many businesses talk about doing
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News
- 21 million Miniverse toy sets recalled after reports of burns and respiratory irritation [MSNBC.com]MSNBC.com
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- 21 million Miniverse toy sets recalled due to danger of skin burn, eye and respiratory irritation [CNN]CNN
- 21 million Miniverse toy sets recalled due to danger of skin burn, eye and respiratory irritation [CNN]CNN
- MGA Entertainment Recalls Miniverse Make It Mini Sets with Unused Liquid Resins Due to Risk of Skin, Eye and Respiratory Irritation and Sensitization; Violation of the Federal Hazardous Substances Act [Yahoo! Finance]Yahoo! Finance
DG
Earnings
- 5/30/24 - Beat
DG
Sec Filings
- 5/31/24 - Form 4
- 5/31/24 - Form 4
- 5/31/24 - Form 4
- DG's page on the SEC website