"We need to reduce our personnel further, especially within manufacturing and logistics. It's both about adjusting to sales which are well below what we budgeted for and becoming more effective," Kamprad told the Dagens Industri (DI) newspaper.
Ikea has already made 5,000 employees redundant around the world, including 420 positions in Sweden.
Kamprad also noted that Ikea would be scaling back on expansion plans.
"The forecast shows the margin and earnings falling considerably this year. That is proof that we've been too lax in dealing with our existing stores," the newspaper reported.
Ikea's existing stores are currently losing money at a rate of 8 billion kronor ($1.02 billion) per year, Retail Digital understands.
Ikea has already made 5,000 employees redundant around the world, including 420 positions in Sweden.
Kamprad also noted that Ikea would be scaling back on expansion plans.
"The forecast shows the margin and earnings falling considerably this year. That is proof that we've been too lax in dealing with our existing stores," the newspaper reported.
Ikea's existing stores are currently losing money at a rate of 8 billion kronor ($1.02 billion) per year, Retail Digital understands.
