Published by Global Banking & Finance Review®
Posted on February 25, 2026
2 min readLast updated: April 2, 2026
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Groupe SEB announced a restructuring that could cut up to 2,100 jobs by 2027, including 1,400 in Europe. The plan aims for €200m in recurring savings via procurement cuts, industrial efficiencies and overhead optimization.
Feb 25 (Reuters) - French small appliance and cookware maker SEB said on Wednesday it would launch a restructuring plan that may impact up to 2,100 jobs worldwide by 2027, including 1,400 positions in Europe.
The plan targets cost savings of 200 million euros ($236 million) by the end of next year, and will include cuts to indirect purchases, improved industrial efficiency and an optimisation of recurring costs, SEB said in a statement.
It currently employs 32,000 people. It makes flagship products like Tefal pans in France and other European factories, and small electrical appliances in China.
The maker of Rowenta irons and Krups coffee machines expects to book a one-time spend of between 1 and 1.25 times the targeted recurring annual savings, with provisions recognised in 2026 and payment in 2027, it said.
SEB expects its operating result from activity to rise this year, after reporting a drop of 25% in 2025.
It also aims to return to a net debt leverage of 2 times its adjusted earnings before interest, taxes, depreciation and amortisation by 2027.
The company had cut its annual profit and revenue forecasts for the second time in October, citing slower sales in Europe and a "wait and see" attitude from U.S. consumers and business clients.
($1 = 0.8472 euros)
(Reporting by Alessandro Parodi and Dimitri Rhodes in Gdansk, editing by Milla Nissi-Prussak)
SEB unveiled a restructuring plan that could reduce its global workforce by up to 2,100 roles by 2027 to streamline operations and restore profitability.
Up to 2,100 jobs could be cut worldwide, with about 1,400 positions in Europe, according to the company’s announcement.
SEB aims for roughly €200 million in recurring savings by the end of 2027, with related provisions recognized in 2026 and disbursements in 2027.
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