In its initial announcement regarding the restructuring, Ikea US also extended pay protection until 2019. US IKEA store employees are undergoing pay cuts as the latest stage of a long-planned restructuring effort takes effect. Managers and team leaders are among those to be notably hit by O4G’s—organization for growth—changes within stores and of roles, some losing as much as $30,000 a year, per Business Insider. Job descriptions have been altered and some positions removed entirely to facilitate proceedings. The move is part of an ongoing process that began in late 2016 when CEO Jesper Koll announced plans to cut costs across all parts of the company. ’s US president Lars Petersson.
US IKEA store employees are undergoing pay cuts as the latest stage of a long-planned restructuring effort takes effect. Managers and team leaders are among those to be notably hit by O4G’s—organization for growth—changes within stores and of roles, some losing as much as $30,000 a year, per Business Insider. Job descriptions have been altered and some positions removed entirely to facilitate proceedings. The move is part of an ongoing process that began in late 2016 when CEO Jesper Koll announced plans to cut costs across all parts of the company. ’s US president Lars Petersson.