<body><div><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=0yy6X6_19NjwolA00" alt="https://img.particlenews.com/image.php?url=0yy6X6_19NjwolA00" width="1200" height="600" >CORDOVA, Tenn. (WMC) - The closure of the Mid-South’s only IKEA location will impact 114 employees total.This number comes from the WARN Notice that the Swedish furniture company filed this week with the Tennessee Department of Labor and Workforce Development regarding the permanent closure of its store in Cordova.IKEA Memphis will officially close on May 3 as a “part of a strategic shift to build a more affordable, accessible, and sustainable future.”The first round of separations will come May 9, with all layoffs expected to be completed by the end of August.The Greater Memphis Workforce Development Board’s rapid response team, led by the Memphis Chamber, will coordinate services with IKEA and the 114 affected employees.A company spokesperson previously said employees will be offered positions at other locations. Employees who do not transition to a new role will be offered severance.IKEA opened in Cordova back in 2016, thanks in part to a $9.5 million tax break through Memphis EDGE’s PILOT program. The company became the first retail business to participate in the program.IKEA agreed to make payments in lieu of taxes to EDGE for 11 years, but gave back two years of that agreement in 2019 after failing to meet job and salary commitments. The PILOT agreement expires this year.</div></body>

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CORDOVA, Tenn. (WMC) - The closure of the Mid-South’s only IKEA location will impact 114 employees total. This number comes from the WARN Notice that the Swedish furniture company filed this week with the Tennessee Department of Labor and Workforce Development regarding the permanent closure of its store in Cordova.

IKEA Memphis’ closure to displace 114 workers

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CORDOVA, Tenn. (WMC) - The closure of the Mid-South’s only IKEA location will impact 114 employees total. This number comes from the WARN Notice that the S

IKEA Memphis’ closure to displace 114 workers

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