IKEA stores owner Ingka to pay Russia staff through August [FOX Business Network]
McDonald's Corporation (MCD)
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Source: FOX Business Network
STOCKHOLM - IKEA stores owner Ingka Group has extended the period it will pay around 12,000 staff in Russia by three months, through August, and may continue to pay workers beyond that, its retail manager said in an interview. The world's biggest furniture brand in early March said it would temporarily close stores and pause sourcing in Russia, citing supply chain disruption and challenging trading conditions due to Russia's invasion of Ukraine. At that time, it said all affected staff would be paid, in roubles, at least through May. London, UK – November 19, 2011: Ikea furniture retail store in Brent Park Wembley (iStock / iStock) "We have managed to prolong that to six months," Ingka's Retail Manager Tolga Oncu told Reuters. "We keep monitoring, analysing, looking at what's happening and will make decisions as we go forward." IKEA PILOTING FURNITURE BUYBACK, RESALE PROGRAM A flood of Western companies have paused operations in Russia due its invasion of Ukraine and the re
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