Arch Resources layoffs, on the record
Every job cut, severance charge and restructuring Arch Resources reported in its annual reports, 2021 to 2023, quoted from the filings. Headcount went from more than 3,300 to more than 3,400.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2021 | more than 3,300 | At December 31, 2021 |
| 10-K for 2022 | more than 3,400 | At December 31, 2022 |
| 10-K for 2023 | more than 3,400 | At December 31, 2023 |
Job cuts, severance and restructuring
Our summaryCompany offered a voluntary separation plan, and 254 employees from thermal operations and corporate staff accepted it, with severance expense recorded.
Word for word“The Company recorded $ 13.4 million of employee severance expense related to a voluntary separation plan during the year ended December 31, 2020.” 10-K for 2021
Our summaryCompany recorded restructuring expense for employee severance from the voluntary separation plans accepted by thermal operations and corporate staff.
Word for word“Also, during the year ended December 31, 2020, we incurred $13.4 million of restructuring expense related to employee severance from the voluntary separation plans that were accepted by 254 employees of our thermal operations and corporate staff.” 10-K for 2021
Our summaryCompany reported no severance expense for the voluntary separation plan in 2022 or 2021.
Word for word“No amounts related to the employee severance expense were incurred for the years ended December 31, 2022 and 2021.” 10-K for 2022
| Fiscal year ended | Severance costs |
|---|---|
| 2020-12-31 | $13.4 million |
| 2021-12-31 | $0 |
| 2022-12-31 | $0 |
Arch Resources 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 Arch Resources’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2021) and the financial data it files with the SEC, as of 2024-02-15. 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.