Aerojet Rocketdyne Holdings layoffs, on the record
Every job cut, severance charge and restructuring Aerojet Rocketdyne Holdings reported in its annual reports, 2020 to 2022, quoted from the filings. Headcount went from 4,969 to 5,283.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2020 | 4,969 | December 31, 2020 |
| 10-K for 2021 | 5,000 | As of December 31, 2021 |
| 10-K for 2022 | 5,283 | December 31, 2022 |
Job cuts, severance and restructuring
Our summaryThe company's Cost Reduction Initiative Phase II (CIP) included consolidating its Sacramento, California and Gainesville, Virginia sites and centralizing operations in Huntsville, Alabama, with severance and retention liabilities tracked for the program.
Word for word“Pursuant to Phase II, the Company expanded its CIP and further consolidated its Sacramento, California, and Gainesville, Virginia sites, while it centralized and expanded its existing presence in Huntsville, Alabama.” 10-K for 2020
| Fiscal year ended | Restructuring charges | Cash paid for restructuring | Positions expected to be eliminated |
|---|---|---|---|
| 2016-12-31 | $2.3 million | $2.8 million | 500 |
| 2017-12-31 | $28.3 million | $3.8 million | — |
| 2018-12-31 | $5.9 million | $16.1 million | — |
| 2019-12-31 | $5.5 million | $18.9 million | — |
| 2020-12-31 | $800,000 | $8.8 million | — |
Aerojet Rocketdyne Holdings filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Aerojet Rocketdyne Holdings’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-15. 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.