SPAIN – The Iberian subsidiary of Ikea, the world’s leading RTA furniture manufacturer and retailer, announced the distribution of € 12.5 million to its employees in recognition to their contribution to achieving the Company’s business objectives. 

This extra bonus to employees is part of Ikea’s worldwide compensation programs: One Ikea Bonus and Tack! Since the launch of both programs two years ago, Ikea has allocated a total of 23.5 million euros in extra remuneration to employees in Spain.

The bonus of € 12.5 million is due to the results obtained in the period between September 2014 and August 2015, the last full fiscal year for the company. In FY 2015 Ikea Spain recorded a 10% increase in sales, reaching 1,281 million euros in turnover.

Ikea Iberica currently has more than 7,250 employees of 53 different nationalities, having recorded an increase in staff of 18% over the past two years.

The Swedish RTA leader operates 16 stores in Spain, one Point of Sale (new format) and two distribution centers which supply products to the company stores in Southwest Europe and constitute the logistics base for the expansion of Ikea in the peninsula.