Ikea lost US$5,000 when each worker quit. So it began paying more [Financial Post (Toronto, Ontario, Canada)]
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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. Ikea's workers were quitting in droves in the U.S. In the U.K. 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 labour shortage made it difficult to replenish its ranks. Article content Workers “suddenly became very scarce,” said Jon Abrahamsson Ring, chief executive 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 but struggle to ac
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DG
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- 5/30/24 - Beat
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- 5/31/24 - Form 4
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- 5/31/24 - Form 4
- DG's page on the SEC website