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On the Record · Anixter International

Anixter International layoffs, on the record

Every job cut, severance charge and restructuring Anixter International reported in its annual reports, 2017 to 2020, quoted from the filings. Headcount went from over 8,900 to over 9,400.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2017over 8,900December 29, 2017
10-K for 2018over 9,300December 28, 2018
10-K for 2020over 9,400At January 3, 2020

Job cuts, severance and restructuring

  1. Our summaryQ2 2016 restructuring plan: severance for a reduction of about 150 positions, with a $5.8 million charge recorded across segments and corporate. In the second quarter of 2016 · Affected: approximately 150 positions

    Word for word“In the second quarter of 2016, the Company recorded a pre-tax charge of $2.1 million , $1.4 million , and $2.2 million in its NSS, EES, and UPS segments, respectively, and an additional $0.1 million at its corporate headquarters, primarily for severance-related expenses associated with a reduction of approximately 150 positions.” 10-K for 2017

  2. Our summaryQ4 2015 restructuring plan: severance for a reduction of about 80 positions, with a $3.4 million charge. In the fourth quarter of 2015 · Affected: approximately 80 positions

    Word for word“In the fourth quarter of 2015, the Company recorded a pre-tax charge of $1.0 million , $2.3 million and $0.1 million in its NSS, EES, and UPS segments, respectively, primarily for severance-related expenses associated with a reduction of approximately 80 positions.” 10-K for 2017

  3. Our summaryQ2 2015 restructuring plan: severance for a reduction of about 100 positions, tied to eliminating stranded costs after the Fasteners sale, with a $5.3 million charge. In the second quarter of 2015 · Affected: approximately 100 positions

    Word for word“In the second quarter of 2015, the Company recorded a pre-tax charge of $3.0 million and $2.2 million in its NSS and EES segments, respectively, and an additional $0.1 million at its corporate headquarters for severance-related expenses associated with a reduction of approximately 100 positions.” 10-K for 2017

  4. Our summaryQ2 2018 restructuring plan: severance-related expenses tied to a reduction of about 260 positions, with segment and corporate charges recorded in the second quarter of 2018. In the second quarter of 2018 · Affected: approximately 260 positions

    Word for word“In the second quarter of 2018, the Company recorded a pre-tax charge of $2.1 million , $1.3 million and $1.1 million in its NSS, EES and UPS segments, respectively, and an additional $5.4 million at its corporate headquarters, primarily for severance-related expenses associated with a reduction of approximately 260 positions.” 10-K for 2018

  5. Our summaryAdditional restructuring charge recorded at corporate headquarters under the Q2 2018 plan. In the third quarter of 2018 · Cost: $0.2 million

    Word for word“In the third quarter of 2018, the Company recorded an additional $0.2 million charge at its corporate headquarters.” 10-K for 2018

  6. Our summaryIn the second quarter of 2018 the company recorded restructuring charges, mainly severance-related, for a reduction of about 260 positions across its segments and corporate headquarters. In the second quarter of 2018 · Affected: approximately 260 positions · Cost: $ 2.1 million, $ 1.3 million and $ 1.1 million

    Word for word“In the second quarter of 2018, the Company recorded a pre-tax charge of $ 2.1 million, $ 1.3 million and $ 1.1 million in its Network & Security Solutions ("NSS"), Electrical & Electronic Solutions ("EES") and Utility Power Solutions ("UPS") segments, respectively, and an additional $ 5.4 million at its corporate headquarters, primarily for severance-related expenses associated with a reduction of approximately 260 positions.” 10-K for 2020
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedRestructuring chargesCash paid for restructuring
2018-12-28$10.1 million$3.2 million
2020-01-03—$5 million

Anixter International 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 Anixter International’s annual reports (10-K for 2020, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-20. 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.