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riversedge

(70,242 posts)
Tue Jul 16, 2019, 02:17 AM Jul 2019

IKEA to Close Its Only U.S. Factory [View all]

Source: wsj.com


Furniture company to move plant’s operations to Europe, where it says production is less costly
By Charlie McGee
Updated July 15, 2019 6:43 pm ET

Furniture company IKEA is closing its only manufacturing site in the U.S., shifting the operations to Europe where it says production costs are lower.

The company’s Danville, Va., facility will be closing in December, resulting in about 300 job cuts. The plant, which opened in 2008, produces wooden shelves and storage units sold in IKEA stores in the U.S. and Canada.

“We...


Read more: https://www.wsj.com/articles/ikea-to-close-its-only-u-s-factory-11563218873

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