IKEA said 15,000 workers would be directly affected by the shutdown in the region. But the company will continue to pay them, at least for a while.
The company said in a statement, “The ambitions of the company’s groups are long-term, and we have worked to secure employment and income stability for the near future and provide support to them and their families in the region.”
IKEA also announced an “immediate donation of €20 million ($22 million) for humanitarian assistance to those forcibly displaced as a result of the conflict in Ukraine”, in response to an emergency appeal from the United Nations High Commissioner for Refugees.
The parent company Ingka Group is one of the largest operators of shopping centers in Russia. It said its “mega” malls would continue to operate to provide food, clothing and goods to Russians.
H&M
“H&M Group cares about all colleagues and joins all those who advocate peace around the world,” the Swedish fashion retailer said in a statement. Clothes and other necessities were donated by the company.
CNN’s Chris Liakos contributed to this report.
“Hipster-friendly troublemaker. Communicator. Organizer. Devoted web lover. Unapologetic problem solver. Reader. Explorer. Travel guru.”
More Stories
Asian markets rose, South Korean shares rose ahead of the US CPI report
Dow futures rise ahead of CPI inflation data on Tuesday
Twitter says Musk’s latest attempt to cancel the deal is ‘invalid and illegal’