Aenza S.a.a. layoffs, on the record
Every job cut, severance charge and restructuring Aenza S.a.a. reported in its annual reports, 2021 to 2023, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2021 | 18,598 | December 31, 2021 |
| 20-F for 2022 | 13,261 full-time employees | December 31, 2022 |
| 20-F for 2023 | 12,787 full-time employees | December 31, 2023 |
Job cuts, severance and restructuring
Our summaryFormer Chief Financial Officer Dennis Gray Febres resigned, and the finance function was restructured into two vice presidencies.
Word for word“Dennis Gray Febres resigned as Chief Financial Officer of the company for personal reasons, effective May 31, 2022.” 20-F for 2022
Our summaryThe company restructured its IT organization as part of its remediation plan for material weaknesses in IT general controls.
Word for word“Developing a detailed remediation plan to remediate the ITGC deficiencies including: (i) restructuring the IT organization with the aim of assuring trained and accountable personnel; (ii) defining and implementing a specific ITGC matrix for legacy systems to align them to our current IT objectives; and (iii) enhancing control procedures to assure proper access control and segregation of duties across our IT systems.” 20-F for 2022
Our summaryThe company began restructuring its IT organization as part of its plan to fix material weaknesses in internal controls.
Word for word“Deploying the remediation plan in response of the ITGC deficiencies including: (i) restructuring the IT organization with the aim of assuring trained and accountable personnel; (ii) updating the IT control matrix to align with our current IT objectives (iii) enhancing control procedures to assure proper access controls and segregation of duties across our IT systems; (iv) defining specific job functions and designated individuals with sufficient accountability and proper skills to perform oversight and report to the proper levels; (v) updating the centralized portal, which is a section in our intranet where we set out action plans (e.g. guidelines/procedures related to SOX testing) performed to manage ITGC execution; and (vi) defining action plans by IT control owners which are reviewed by our Internal Audit.” 20-F for 2023
Aenza S.a.a. has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Aenza S.a.a.’s annual reports (20-F for 2023, 20-F for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2024-05-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.