IKEA Canada thanks workers for pandemic efforts with $6M gift
BURLINGTON, Ontario – IKEA Canada, this country’s second largest furniture and home furnishings retailer, will recognize the extraordinary efforts of its co-workers nationally during the COVID-19 pandemic with a one-time financial gift estimated at $6 million to be shared among eligible co-workers. The amount is part of a €110 million gift announced globally by Ingka Group, IKEA Canada’s parent company.
“Since the early days of the pandemic, we have been focused on maintaining the livelihoods of our teams and supporting our co-workers in the best possible way, aligned with our values and commitment to helping create a better everyday life for the many,” IKEA Canada’s head of people and culture Tanja Fratangeli said in a statement. “From health and safety protocols to wellness days, this gift of appreciation is another demonstration of our commitment to our Canadian co-workers.”
She noted the retailer’s 6,300 or so co-workers helped accelerate omni-channel solutions from Virtual Planning Services to Curbside Click & Collect while radically adapting to the new operational needs and safety standards of retailing today.
IKEA Canada chief executive and sustainability officer Michael Ward remarked, “We could not have achieved the extraordinary changes we have during the past 18 months without the courage, dedication, and entrepreneurship of our co-workers working together to deliver our ambition of making life at home better for millions of Canadians, when they needed it most.”
IKEA Canada co-workers from across all its 14 stores across the country, distribution centres, customer support centres, Design Studios and service offices employed on August 31, 2021 (the company’s fiscal year end) and still employed at the pay-out date in January 2022, will be eligible for the bonus. Eligible co-workers will receive an amount based on their contracted hours.
This past January, IKEA Canada was ranked 124 on Forbes Magazine’s 2021 list of Canada’s Best Employers.
One of 32 markets operated by Ingka Group, IKEA Canada received a share of the total Ingka Group gift based on their respective proportion of total sales and wages. The gift is a one-time expression of appreciation, in addition to the existing rewards packages IKEA Canada co-workers enjoy including an annual performance-based bonus as well as a one-time pension contribution through the company’s Tack loyalty program for co-workers employed for a minimum of five years.