Ikea closing only U.S. factory

[OnlinePoker]

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 …

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

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Full story is paywalled, but this is the gist of it. Feel the winning?

[ProudLib72]

1. I'm sure all the MAGAts will be boycotting

just as soon as the figure out what an IKEA is.

[Mendocino]

2. Ikea

would better served to producing high quality furniture that lasts for 200 years rather than chipboard/glue/plastic junk that will be trashed shortly after May 20th.

[Celerity]

3. more background

https://www.channelnewsasia.com/news/business/ikea-closing-only-us-furniture-factory-cutting-300-jobs-11723356


WASHINGTON: IKEA said it will close its only US factory at the end of the year, cutting 300 jobs, as it will be more cost-effective to make the products in Europe and import them.

The global big-box furniture store said raw material costs were too high compared to plants in Europe meaning prices at the plant in the southern Virginia town of Danville were "significantly higher."

"We made every effort to improve and maintain the competitiveness of this plant, but unfortunately the right cost conditions are not in place to continue production in Danville, VA for the long-term," Bert Eades, the company's site manager, said in a statement last week.

The factory, which opened in 2008 to produce wood shelves and storage units for the US and Canadian markets, will close in December.

"We will do everything we can in the coming months to support our co-workers through this change as they look for new jobs and training opportunities," Eades said.

IKEA, which has production units at 24 sites in nine countries, with about 20,000 workers, said it will work with labor representatives and US agencies to provide job search assistance.

Source: AFP/de

[JI7]

4. To eastern Europe ? Where is it cheaper in Europe than in the US ?

Moldova ?