IKEA workers get wheels. (Assembly required)

ikea_bike.top.jpgIKEA employees based in the U.S. each got a new bicycle like the one pictured here for the holidays. By Charles Riley, staff reporter


NEW YORK (CNNMoney.com) -- Employees of the Swedish furniture retailer IKEA can now go to work in two-wheel style.

All 12,400 U.S. IKEA employees walked away from work this week with a silver mountain bike, a gift the company says is a big thank you to workers for a great year.

"This is our way of saying 'thanks IKEA co-workers for being strongly committed to working together,' " Mike Ward, IKEA U.S. president, said in a statement.

The company does not give a holiday gift every year, and last year employees received a $50 restaurant gift card, IKEA spokeswoman Mona Astra Liss said.

IKEA said it hopes the bikes will help employees by supporting a healthy lifestyle and providing "everyday sustainable transport."

The bicycles were received "with incredible enthusiasm," Astra Liss said, adding that IKEA customers have responded positively as well after hearing about the gift.

As those who have bought a bookshelf at IKEA might expect, some assembly is required. Employees have to add the seat, pedals and one wheel to complete the process.

Not every business is celebrating a successful year the same way.

Despite record profits, some Wall Street banks are even asking employees to pay to chip in for their own holiday parties.

Only 79% of businesses were expected to throw a holiday party this year, according to a survey released last month by research firm Amrop Battalia Winston. That's the worst turnout since at least the 1980s. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 17,730.11 -27.80 -0.16%
Nasdaq 5,009.21 -3.91 -0.08%
S&P 500 2,076.78 -0.64 -0.03%
Treasuries 2.39 -0.02 -1.03%
Data as of 7:24pm ET
Company Price Change % Change
Bank of America Corp... 17.03 0.00 0.00%
Apple Inc 126.44 0.00 0.00%
Intel Corp 30.56 0.00 0.00%
Micron Technology In... 19.07 0.00 0.00%
General Electric Co 26.78 0.00 0.00%
Data as of Jul 2
Sponsors

Sections

Greek voters have rejected bailout offer, putting Greece's future in the eurozone at risk. More

Entrepreneur Guillaume Gauthereau is on a mission to build a 50 to a 100 acre sanctuary in New York to provide refuge to honey bees. More

The most expensive schools in the nation are charging close to $50,000 a year in tuition and fees alone. More