Originally Posted by crockett

Ikea is closing it's only US production facility to move it to Europe..

https://www.cnn.com/2019/07/16/busin...ing/index.html


Ikea is shutting down its only furniture factory in the United States.

"We made every effort to improve and maintain the competitiveness of this plant, but unfortunately the right cost conditions are not in place to continue production in Danville," site manager Bert Eades said in a statement.

In justifying its decision, Ikea pointed to raw material prices, which it said are higher in the United States than Europe. Ikea operates plants in European countries including Poland, Russia and Sweden.