Ikea and H&M are closing stores in Russia
Ikea said 15,000 workers would be directly affected by the shutdown in the area. But the company will continue to pay them, at least for a while.
“The business groups’ ambitions are long-term and we have ensured job and income stability for the immediate future and are providing support to them and their families in the region,” the company said in a statement. a statement.
Ikea also announced “an immediate donation of 20 million euros ($22 million) for humanitarian aid to people forcibly displaced as a result of the conflict in Ukraine”, in response to an emergency appeal from the Upper United Nations Commissioner for Refugees.
Parent company Ingka Group is one of the largest shopping center operators in Russia. It said its “Mega” malls would continue to operate to provide food, clothing and goods to Russians.
“The H&M Group cares about all its colleagues and joins all those around the world calling for peace,” the Swedish fashion retailer said in a statement. “Clothing and other essentials are donated by the company.”
– CNN’s Chris Liakos contributed to this report.