Nov. 21 (UPI) -- Ikea announced this week it plans to cut 7,500 jobs -- mostly administrative support positions -- over the next two years.
Ikea Group said Tuesday the cuts would represent about 5 percent of its workforce. Fewer than 75 jobs will be cut at its U.S. locations.
Meanwhile, the global furniture retailer said it plans to create 11,500 new jobs as it grows its digital capabilities and fulfillment network.
Ikea operates 367 stores across the globe. The company is attempting to increase its digital presence and develop delivery services.
"In the U.S., we've been on this journey for quite some time. We have already made significant investments to enhance our e-commerce experience and service offerings, including new lower priced shipping & delivery, Click & Collect, financing and TaskRabbit assembly services," said Lars Peterson, country manager, Ikea Retail U.S. "We are investing in existing stores to ensure they provide our customers with a refreshed family-friendly experience, filled with inspiration."