Albany International layoffs, on the record
Every job cut, severance charge and restructuring Albany International reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 5,600 to approximately 5,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 5,600 | — |
| 10-K for 2025 | approximately 5,700 | — |
Job cuts, severance and restructuring
Our summaryAnnounced closures of engineered fabric facilities in Italy and France and a facility in the UK in the Machine Clothing segment, with restructuring charges tied to workforce reductions.
Word for word“These actions drove $8.3 million of restructuring charges during 2025, compared to $11.2 million in 2024, a decrease that is primarily due to the timing of the announced actions, workforce reductions, and related costs.” 10-K for 2025
Our summaryReduced the workforce at various Albany Engineered Composites locations, causing restructuring expenses.
Word for word“At AEC, restructuring activities were related to reductions in the workforce at various AEC locations, which resulted in restructuring expenses of $3.3 million for the year ended 2025 and $3.6 million for the year ended 2024.” 10-K for 2025
Our summaryDecided to consolidate headquarters in Portsmouth, NH, affecting about 100 employees through the first half of 2026, with costs for retention, relocation, severance and professional fees.
Word for word“During the first quarter of 2025, the Company decided to consolidate headquarters in Portsmouth, NH.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $8.5 million | — | $900,000 |
| 2017-12-31 | $13.5 million | $12.7 million | $1.6 million |
| 2018-12-31 | $15.6 million | $10.7 million | — |
| 2019-12-31 | $2.9 million | $900,000 | — |
| 2020-12-31 | $5.7 million | — | — |
| 2021-12-31 | $1.3 million | — | — |
| 2022-12-31 | $106,000 | — | — |
| 2023-12-31 | $282,000 | — | — |
| 2024-12-31 | $13.4 million | — | — |
| 2025-12-31 | $13.7 million | — | — |
Albany International filed 6 restructuring notices (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 Albany International’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-27. 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.