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IKEA India staff to get Rs 1.12 lakh as pension pay-out

Source | http://zeenews.india.com/business/news/companies

New Delhi: Employees of Swedish home furnishings major IKEA in India will get a lumpsum amount of Rs 1.12 lakh as part of its global retirement fund.

The company said it has put another Rs 737 crore into the pension fundings of its co-workers all over the world.

“Under the programme, each eligible IKEA India employee will get Rs 1,12,117 as part of pension fund, irrespective of designation or level,” Ikea India said in a statement.

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