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crockett 07-16-2019 05:45 PM
More MAGA...
 
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.

TheSquealer 07-16-2019 05:46 PM
https://grrrgraphics.com/wp-content/...-president.jpg

Bladewire 07-16-2019 06:01 PM
That sucks they're the top most innovative furniture & home living companies in the world.

This is one of their new robotic pieces of furniture that changes shape for the most productive use of space and storage.

One is called Ori , the other is called Rognan

brassmonkey 07-16-2019 06:08 PM
you are blaming their greed on trump? anyone buying from them now is a fucking idiot

Bladewire 07-16-2019 06:12 PM
Quote:
Originally Posted by brassmonkey (Post 22502727)
you are blaming their greed on trump?
Trying to break even isn't greed, it's survival.

As much as you want America to be a socialist country, corporations are in business to make a profit so they can pay employees and survive as an entity.

Under Trump & his Trump tarrif taxes America has ceased being the land of profitability for most corporations. The economists say the recession starts this year or Q1 of 2020.

Blocked alt-right hate fake nic troll reply in 3.. 2.. 1...

DraX 07-16-2019 06:34 PM
Quote:
Originally Posted by Bladewire (Post 22502728)
Trying to break even isn't greed, it's survival.

As much as you want America to be a socialist country, corporations are in business to make a profit so they can pay employees and survive as an entity.

Under Trump & his Trump tarrif taxes America has ceased being the land of profitability for most corporations. The economists say the recession starts this year or Q1 of 2020.
Break even. :1orglaugh:1orglaugh:1orglaugh

IKEA management has always gone a lengthy distance to pay minimum tax.

IKEA’s Founder Paid Tax for the First Time in 42 Years

Quote:
In 2015, after returning from a 40 years-long Swiss tax exile, IKEA’s founder and the 11th richest person in the world, Ingvar Kamprad, paid Swedish tax for the first time. In 2014, Kamprad declared income of €1.9 million in Sweden. As a result, he was subject to Swedish personal income tax amounting to €640.000.
https://www.nomoretax.eu/ikeas-found...e-in-42-years/

How IKEA Billionaire Legally Avoided Taxes From 1973 Until 2015

Quote:
89-year old IKEA founder Ingvar Kamprad is said to be the eighth wealthiest person in the world, with an estimated net worth of $43.2 billion. He was in favor of everything Swedish except taxes. So he spent more than 40 years paying as little as possible, both individually and for his company.
https://www.forbes.com/sites/robertw...73-until-2015/

Rochard 07-16-2019 06:41 PM
I love Ikea.

King Mark 07-16-2019 07:32 PM
https://i.kym-cdn.com/photos/images/...48/226/15c.png

Boozer 07-16-2019 07:56 PM
Particleboard furniture.. lmao

You can have it.

Tasty1 07-16-2019 09:43 PM
Quote:
Originally Posted by crockett (Post 22502712)
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.
Probably not enough illegals anymore to work for cheap.

pimpmaster9000 07-16-2019 11:10 PM
production costs going up are sure signs of MAGA...


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