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IKEA Group allocates $113 million into the retirement funds of 123,000 co-workers

Conshohocken, 2017-Dec-13 — /EPR Retail News/ — IKEA Group co-workers around the globe will receive a special thanks from the company as part of the IKEA Tack! retirement fund. IKEA recently announced that Tack!, which means ‘thank you’ in Swedish, will allocate $113 million* total into the retirement funds of 123,000 IKEA co-workers throughout its corporate, retail and distribution centers. For U.S. co-workers, each will receive $1,403 into their Tack! retirement fund.

“At IKEA, no matter where you work in our organization you are contributing to our success and continued growth. We believe it’s important to recognize our co-workers for their hard work and loyalty and celebrate our successes together,” said Lars Petersson, IKEA U.S. President. “Our contribution to each co-worker’s Tack! retirement fund is just one way we can show our gratitude and demonstrate our commitment to being a great place to work.”

The global funding is divided between all IKEA Group countries, based on each country’s proportion of the total salary and wages. Every co-worker gets the same amount regardless of position or salary, and part-time co-workers are rewarded in proportion to their hours worked. Tack! was introduced in 2013 and since then the IKEA Group has paid out $600 (€509) million globally.

IKEA U.S. has been recognized as an employer-of-choice for its outstanding co-worker benefits including parental leave policy and minimum wage structure. The company has recently received these awards: FORTUNE 2017, Best Companies to Work For; FORTUNE 2017, 50 Best Workplaces for Diversity; Glassdoor 2017 Best Places to Work; 2017 PEOPLE Companies that Care; Fatherly: The 50 Best Places to Work for New Dads in 2017; and three Glassdoor 2017 Awards: Best Places to Work, Highest Rated CEOs, Best Places to Interview.

About IKEA 
Since its 1943 founding in Sweden, IKEA has offered home furnishings of good design and function at low prices so the majority of people can afford them. There are currently more than 392 IKEA stores in 48 countries, including 46 in the U.S. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information see, @IKEAUSANews, @IKEAUSA or IKEAUSA on Facebook, YouTube, Instagram and Pinterest.

*€96 million euro = $113 million U.S. dollars at a conversion of $1.18 to one euro ** The global funding is divided between all IKEA Group countries, based on each country’s proportion of the total salary and wages. The payout is dependent on the total results of IKEA Group during the previous financial year.

IKEA U.S. Press Office

Source: IKEA Group

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