Ikea, the world’s biggest furniture retailer, will no longer produce wood shelves and storage units for the US and Canadian markets in Virginia. – EPA pic, July 16, 2019.
IKEA said it will close its only US factory at year-end, 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, known for its Swedish meatballs and sometimes incomprehensible assembly instructions, said raw material costs were too high compared with plants in Europe meaning prices at the plant in the southern Virginia town of Danville were “significantly higher”.
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