![[GEOFFROY VAN DER HASSELT / AFP]](/cdn-cgi/image/onerror=redirect,width=640,height=640,format=webp/https://storage.googleapis.com/uploads.mongoosehq.com/url/media/107623452/826370ee64a1ac704b2ef2f498012c32b58d0f542252bef8fbb7e752aacc16fe)
Overview
- SEB presented the plan to employee representatives on February 25, launching formal consultations across Europe including talks in Germany on the future of three factories.
- Up to 2,100 positions may be eliminated globally, including about 500 in France on a voluntary basis, with French manufacturing sites excluded from the scope.
- Reductions focus on support functions such as finance, human resources, logistics, marketing and product development, with expanded use of AI to streamline tasks.
- Management aims for €200 million in savings completed by 2027 with full-year benefit in 2028, alongside a 30% faster time‑to‑market, closer R&D‑to‑production links and a stronger social media push.
- SEB reported 2025 revenue down 1.2% to €8.17bn and a roughly 25% drop in operating profit after a 2024 antitrust fine; the stock rose about 12% on the results and plan as unions pressed for protections and the industry ministry pledged oversight.