IKEA Canada announced that it will recognize the extraordinary efforts of its coworkers nationally during the COVID 19 pandemic with a one time financial gift estimated at $6 million to be shared among eligible co workers.
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The amount is part of a €110 million gift announced by Ingka Group, the largest IKEA retailer to which IKEA Canada belongs.
"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," says Tanja Fratangeli, Head of People and Culture, IKEA Canada.
"From health and safety protocols to wellness days, this gift of appreciation is another demonstration of our commitment to our Canadian co workers."
Michael Ward, CEO and Chief Sustainability Officer, IKEA Canada notes, "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 stores, distribution centres, customer support centres, Design Studios and service offices employed on August 31, 2021, and still employed at the pay out date in January 2022, will be eligible for the appreciation gift recognizing extraordinary efforts during extraordinary times.
Eligible co workers will receive an amount based on their contracted hours.
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. ■