Ikea set to axe 350 British jobs

Ikea has said 350 of its employees in the UK are facing redundancy as part of its global transformation plan.

The Swedish home retailer expects 7,500 jobs to be cut across its operations as it simplifies the organisation.

Javier Quinones, country retail manager for the UK and Ireland, said the company had to make difficult decisions as it adapted to a “fast-changing retail environment”. The company will create 500 jobs at its London Greenwich store.