US EditionFrance's SEB Targets 2,100 Potential Job Cuts Worldwide by 2027
Groupe SEB aims to cut up to 2,100 jobs worldwide by 2027 to save €200 million annually through procurement cuts and efficiency improvements, with 1,400 cuts in Europe.
- On Wednesday, Groupe SEB announced a restructuring that may affect up to 2,100 jobs worldwide by 2027, including about 1,400 positions in Europe.
- To reduce costs and leverage, SEB has set a target for about �200 million in recurring savings by end-2027, aiming to reach a net debt leverage of 2 times.
- The Rebound plan specifies measures including cuts to indirect purchases, improved industrial efficiency and optimisation of recurring costs, with a one-time charge of 1–1.25x annual savings provisioned in 2026 and paid in 2027.
- Investors reacted as Groupe SEB shares surged about 11% after FY25 profitability beat expectations, despite net debt rising to �2.34 billion and leverage reaching 2.7x, with dividend maintained at �2.80 per share.
- Over the medium term, SEB aims for 5% annual organic growth and a 10%-11% operating margin, while 2026 consensus projects �8.42 billion sales, 3.9% growth, and rising ORfA.
35 Articles
35 Articles
Groupe SEB, the world market leader for small electrical appliances, is attacking the red pencil: up to 2100 jobs are to be lost, Germany is also affected. The WMF parent company wants to meet the competitive pressure from Asia with the austerity rate. This is a good thing on the stock exchange - the share increases in double digits.
The SEB group, the leader of the small household appliances, owner of the brands Moulinex, Tefal, Rowenta, has announced that it will abolish up to 2,100 jobs, including 500 in Hexagon. A vast savings plan of 200 million euros. Contacted, the company insists that there will be no layoffs, but only voluntary departures, through conventional breaks or incentives to retire. Faced with Asian competition, the group is no longer quite profitable and m…
The manufacturer of household appliances Seb plans up to 2,100 job cuts worldwide, 500 of which in France, to try to revive its growth Up to 2,100 job cuts in the
The home appliances giant launches a massive savings plan to survive a "faster and more intense" competition. Up to 2,100 job cuts worldwide, including 500 in France
In the face of aggressive international competition, Seb is preparing an important savings plan that could result in several hundred job cuts in France.
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