More Staff to Go from Ikea

Furniture giant Ikea is loosing sales and the company will continue to cut down on its staff. Over 5000 employees have already been laid off world wide, but this is not enough, says the founder of Ikea, Mr Ingvar Kamprad to daily Dagens Industri.

Kamprad says the cuts will take place in manufacturing and logistics. Ikea is still expected to make a profit this year, but Kamprad is not willing to say with how much.