Ikea pays a Christmas bonus of NOK 40,000 on average to Norwegian employees

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The Swedish furniture giant Ikea has had a record turnover in Norway, thus promising Norwegian employees an extraordinary Christmas bonus of around NOK 40,000.

“All employees who have worked for at least 6 months continuously throughout the year will receive a bonus of 113 per cent this year. This means that our employees receive an extra one month’s salary in December,” says Siv E. Egger Westin, acting communications manager at Ikea Retail Norway, to Nettavisen.

Ikea will pay a total of NOK 120 million to around 3,000 employees. The payout averages around NOK 40,000, including holiday pay and employer’s contribution.

The furniture giant has awarded bonuses for several years, but this year’s sum is one of the rarities. In 2016 and 2017, the bonus was approximately DKK 12,500.

Ikea’s last fiscal year, which ran from September 2018 to August 2019, shows revenue of NOK 8.31 billion, up from NOK 7.89 billion last year. This is the highest turnover ever, writes E24.

This means that the group increased its turnover by more than five per cent, after last year’s turnover shrank from 2017 – which was the first time since 1998.

“When we deliver good results, it is thanks to our employees who work hard each and every day. That’s why we want to give back, and the bonus is a great way to do this,” Westin tells Nettavisen.

© NTB Scanpix / #Norway Today

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