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IKEA Group thanks its co-workers with a $111 million total contribution into the Tack! retirement fund

(Conshohocken, PA- December 4, 2014) IKEA Group announced today that in its second year of contributions to the Tack! retirement fund - the IKEA Group loyalty program - $111 million total will be allocated into retirement funds of co-workers around the world. “This is our second year for our IKEA Tack! Retirement program. Tack, the Swedish word for ‘thank you’, is a way to show appreciation to each IKEA co-worker for contributing to the growth of the company,” commented Lars Petersson, IKEA U.S. President. “I’m happy to announce that all full-time IKEA U.S. co-workers will receive a

IKEA US Receives 100 Percent on 2016 Corporate Equality Index

IKEA US recognized as a progressive company and great place to work in Human Rights Campaign Foundation’s 14th Annual Scorecard on LGBT Workplace Equality(Conshohocken, PA – November 18, 2015) IKEA US announced today that it received a perfect score of 100 percent on the 2016 Corporate Equality Index (CEI). The CEI is a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality, administered by the Human Rights Campaign (HRC) Foundation. This year, the 2016 CEI report  rated 1,027 businesses, evaluating their

IKEA US Announces FY15 Results

IKEA is growing while making investments in co-workers and initiatives to reduce impact on the environment(Conshohocken, PA – November 5, 2015) IKEA US announced today that the company continued to grow in FY15;[1]  IKEA US store sales increased by 4.5 percent and total sales – including ecommerce – increased by 8.6 percent outperforming both retail and home furnishing sectors.2 Additionally, IKEA US wind farm investments in Hoopeston, Ill and Cameron, TX

IKEA US once again raises its minimum hourly wages

Average minimum hourly wage will increase to $11.87(Conshohocken, PA – June 24, 2014)  IKEA US announced today that it will again raise its minimum hourly wage in existing stores. Effective January 1, 2016, the average minimum hourly wage paid in IKEA US stores will increase from $10.76 to $11.87, a $1.11 or 10.3% increase. This is $4.62 above the current federal minimum wage.  In June 2014, IKEA US announced  its new minimum wage structure, which bases minimum hourly wages on local living costs for co-workers.

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