Hyderabad: 27th May, 2023: Steelcase, the global design and thought leader in the world of work, announced the opening of its flagship dealer showroom in Hyderabad. In partnership with Seating World, the expansive Steelcase multi-level showroom in Hyderabad further solidifies Steelcase’s presence in India and Asia Pacific cities, with showrooms in Bangalore, Mumbai, Delhi, Tokyo, Shanghai, Beijing, Hong Kong, Singapore and Sydney.

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Steelcase (NYSE:SCS) disclosed:

On May 3, 2023, in response to persisting inflationary pressures and decreasing plant utilization in Europe, the Middle East and Africa (“EMEA”), the Board of Directors of Steelcase Inc . (the “Company”) approved plans for workforce reductions in France. These plans involve the reduction of approximately 40 to 50 salaried roles. The Company expects to incur approximately $10 million to $13 million in pre-tax restructuring charges in connection with these actions, consisting of cash severance payments and payment of other separation-related benefits. The Company has initiated procedures with the French central works council and will work closely with the French Labor Administration for approval of these actions. Depending on the timing of such approval, the actions are expected to be completed by the end of the Company’s fiscal year 2024, with most of the departures expected to be completed by the end of the third quarter of the Company’s fiscal year 2024. The Company anticipates annualized savings from these actions will be approximately $4 million to $5 million when fully implemented.

GRAND RAPIDS, Mich., April 17, 2023 (GLOBE NEWSWIRE) — Steelcase Inc. (NYSE: SCS) will hold an Investor Day event Thursday, May 4, 2023, at the Steelcase WorkLife Center, 4 Columbus Circle, New York, NY. The event will also be available by live webcast. Presentations by Sara Armbruster, President and CEO, and other Steelcase management will begin at 9:00 a.m. ET.

Registration for the event is available on the company’s website under Events & Presentations at http://ir.steelcase.com. A recording of management presentations and Q+A will be available on the website shortly after the event concludes.

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The following review of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and accompanying notes thereto included elsewhere within this Report.

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Mumbai, Maharashtra, India – Business Wire India Steelcase, a global leader in the office furniture industry and innovative workspace solutions, announces Women of Steel, an initiative launched by Steelcase India Manufacturing plant, Pune to attract more women to the workforce. The programme has increased the number of women at the plant from 10% in early 2021 to 60% now.

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