IKEA Closing Its Only U.S. Factory

IKEA IS CLOSING ITS ONLY US FACTORY AND MOVING PRODUCTION TO EUROPE

(CNN) – IKEA is shutting down its only furniture factory in the United States.

The Swedish company will end production this December at its plant in Danville, Virginia.

Operations will move to Europe, where the company says it can cut costs.

The Danville facility opened in 2008.

300 people work there.

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