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Ikea raises hourly pay for US retail workers
http://gazette.com/ikea-raises-hourly-pay-for-us-retail-workers/article/feed/132265Ikea raises hourly pay for US retail workers
Associated Press Updated: June 26, 2014 at 7:16 am
NEW YORK (AP) — Ikea's U.S. division is raising the minimum wage for thousands of its retail workers, pegging it to the cost of living in each location, instead of its competition.
The 17 percent average raise, expected to be announced Thursday, is the Swedish ready-to-assemble furniture chain's biggest in 10 years in the U.S.
The pay increase will take effect Jan. 1. It will translate to an average wage of $10.76 an hour, a $1.59 increase from the previous $9.17.
About half of Ikea's 11,000 hourly store workers will get a raise. How much will vary based on the cost of living in each store location.