What is SEB's restructuring plan?

SEB is implementing a restructuring plan aiming for 200 million euros in cost savings by the end of 2027, which may affect up to 2,100 jobs globally.

How many jobs will be impacted by SEB's restructuring?

Up to 2,100 jobs worldwide are expected to be impacted by SEB's restructuring plan by 2027, with 1,400 of those in Europe.

What are SEB's financial expectations following restructuring?

SEB expects its operating result to rise this year after a drop in 2025 and aims to return to a net debt leverage of 2 times its adjusted earnings by 2027.

Home / Business and Economy / SEB Slashes 2,100 Jobs by 2027

SEB Slashes 2,100 Jobs by 2027

25 Feb

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Summary

SEB plans a global restructuring impacting up to 2,100 jobs by 2027.
The company aims for 200 million euros in cost savings by the end of next year.
Operating results are expected to rise this year after a 2025 drop.

French appliance manufacturer SEB announced a major restructuring initiative, slated to impact up to 2,100 jobs globally by 2027. Approximately 1,400 of these positions are located in Europe. This plan aims to achieve significant cost savings of 200 million euros by the close of 2027.

The restructuring involves reducing indirect purchases, enhancing industrial efficiency, and optimizing recurring costs. SEB, which currently employs 32,000 individuals, anticipates a one-time expenditure between 1 and 1.25 times the projected annual savings, with provisions in 2026 and payments in 2027.