Ardagh Group layoffs, on the record
Every job cut, severance charge and restructuring Ardagh Group reported in its annual reports, 2018 to 2020, quoted from the filings. Headcount went from approximately 23,400 to approximately 16,400.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2018 | approximately 23,400 | December 31, 2018 |
| 20-F for 2019 | approximately 16,300 | — |
| 20-F for 2020 | approximately 16,400 | December 31, 2020 |
Job cuts, severance and restructuring
Our summaryCompany ran capacity realignment programs including restructuring costs, start-up related costs and asset impairments, with restructuring costs of $57 million in 2018.
Word for word“· $116 million related to the Group’s capacity realignment programs, including restructuring costs ($57 million), start-up related costs ($48 million) and property, plant and equipment impairment charges ($11 million).” 20-F for 2018
Our summaryCompany recorded restructuring provisions for redundancy and other restructuring costs, with new provisions made and payments during 2018.
Word for word“The restructuring provision relates to redundancy and other restructuring costs.” 20-F for 2018
Our summaryCompany expects most of its restructuring provision to be paid in 2019.
Word for word“The majority of the restructuring provision is expected to be paid in 2019.” 20-F for 2018
Our summaryIncurred capacity realignment programs including restructuring costs, start-up related costs and plant impairment charges, mainly in Glass Packaging North America.
Word for word“$24 million related to the Group's capacity realignment programs, including start-up related costs ($13 million), restructuring costs ($6 million), property, plant and equipment impairment charges ($5 million).” 20-F for 2019
Our summaryPaid exceptional restructuring costs, lower than the prior year mainly due to lower restructuring cost in Glass Packaging North America.
Word for word“Exceptional restructuring costs paid in the year ended December 31, 2019 decreased by $11 million to $12 million compared with $23 million in the year ended December 31, 2018.” 20-F for 2019
Our summaryThe company recognized $7 million of restructuring and other costs as exceptional items in 2020.
Word for word“● $7 million restructuring and other costs.” 20-F for 2020
Our summaryThe company recorded restructuring costs in 2019 as part of its capacity realignment programs, along with start-up costs and asset impairments.
Word for word“● $24 million related to the Group’s capacity realignment programs, including start-up related costs ($13 million), restructuring costs ($6 million), property, plant and equipment impairment charges ($5 million).” 20-F for 2020
Our summaryThe company recorded restructuring costs in 2018 as part of its capacity realignment programs, along with start-up costs and asset impairments.
Word for word“● $103 million related to the Group’s capacity realignment programs, including start-up related costs ($48 million) restructuring costs ($50 million), property, plant and equipment impairment charges ($5 million).” 20-F for 2020
Ardagh Group 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 Ardagh Group’s annual reports (20-F for 2020, 20-F for 2019, 20-F for 2018) and the financial data it files with the SEC, as of 2021-03-08. 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.