IKEA has extended the period for which it will pay its 15,000 employees in Russia by three months, until August, and may continue to pay them thereafter.
The world’s largest furniture brand said in early March that it would close stores temporarily and stop sourcing in Russia, citing supply disruptions and difficult trading conditions due to Russia’s invasion of Ukraine.
At the time, he said, all affected staff would be paid normally (in rubles), at least until May.
Many Western companies have suspended their operations in Russia due to the invasion of Ukraine and sanctions against Moscow, and an increasing number of companies have stated that they will leave the country indefinitely.
Businesses, including McDonalds and Renault, have said they will continue to pay their staff in Russia for the time being.
Russia, for its part, has warned that it could nationalize foreign companies that have ceased operations in the country.
Source: Capital
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