Saint-Gobain offers German construction trade for sale

For employees, customers and suppliers initially did not change anything, said division management based in Offenbach in a separate press release. Daily affairs continue to work. "We are convinced that with all our badets – our employees, our brands and our regions – we have a lot to offer to a future future owner," says Kåre Malo, who heads the division.

Thus, the French group continues its sales. Saint – Gobain 's objective is to divest activities of a total turnover of at least 3 billion euros by the end of 2019. French group realizes an annual turnover of just under 41 billion euros (2017).

The much smaller silicon carbide sector is also on sale. Just days ago, the company had announced that it would sell some stores in China.

In addition, Saint-Gobain announced a large-scale conversion. The organization should be greatly simplified, as explained Pierre-André de Chalendar, general manager. In the future, there should be only five zones, the intermediate levels are removed. In doing so, the group hopes for greater competitiveness, faster decisions and greater synergies.

Saint-Gobain wishes to save another 250 million euros. In addition, the lean structure is expected to significantly improve profitability by 2021. According to the CEO, this will also lead to a reduction in jobs. A "significant" proportion of jobs should therefore be eliminated. The news started well on the stock market: the stock climbed nearly 4% at Euronext in Paris at noon.