Aluminum Corp of China layoffs, on the record
Every job cut, severance charge and restructuring Aluminum Corp of China reported in its annual reports, 2020 to 2022, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2020 | 63,007 | — |
| 20-F for 2021 | 60,056 | — |
| 20-F for 2022 | 63,007, 60,056 and 67,383 | December 31, 2020, 2021 and 2022 |
Job cuts, severance and restructuring
Our summaryHeadcount fell during 2020, which the company attributed mainly to optimizing staffing and normal retirement.
Word for word“The number of our employees decreased from 2019 to 2020, which was mainly due to optimize staffing and normal retirement.” 20-F for 2020
Our summaryThe company recorded employment expense for early retirement schemes.
Word for word“Employment expense in relation to early retirement schemes (Note 21) 447,660 210,428 53,339” 20-F for 2020
Our summaryThe company recorded employment expenses for termination benefits.
Word for word“Employment expenses in relation to termination benefits 37,590 98,479 7,990” 20-F for 2020
Our summaryHeadcount decreased from 2020 to 2021, mainly due to employee retirement and termination of employment contracts through negotiation.
Word for word“The number of our employees decreased from 2020 to 2021, which was mainly due to retirement of employees and termination of employment contracts through negotiation.” 20-F for 2021
Our summaryCompany recorded employment expense for early retirement schemes.
Word for word“Employment expense in relation to early retirement schemes (Note 21) 210,428 53,339 269,895 Employment expenses in relation to termination benefits 98,479 7,990 51,715 7,777,692 7,877,451 8,878,784 (i) Staff welfare and other expenses include staff welfare, staff union expenses, staff education expenses and unemployment insurance expenses etc.” 20-F for 2021
Our summaryCompany recorded employment expense for termination benefits.
Word for word“Employment expenses in relation to termination benefits 98,479 7,990 51,715 7,777,692 7,877,451 8,878,784 (i) Staff welfare and other expenses include staff welfare, staff union expenses, staff education expenses and unemployment insurance expenses etc.” 20-F for 2021
Aluminum Corp of China 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 Aluminum Corp of China’s annual reports (20-F for 2022, 20-F for 2021, 20-F for 2020) and the financial data it files with the SEC, as of 2023-04-25. 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.