AU Optronics layoffs, on the record
Every job cut, severance charge and restructuring AU Optronics reported in its annual reports, 2017 to 2019, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2017 | approximately 1,738 | December 31, 2017 |
| 20-F for 2018 | 1,755 research and development engineers | December 31, 2018 |
Job cuts, severance and restructuring
Our summaryThe filing notes that some senior executive officers are entitled to severance payments upon termination under certain conditions, equal to a specified number of months of salary; no specific severance program or layoff was reported.
Word for word“Some senior executive officers are entitled to certain benefits upon termination under certain conditions, including a severance payment equal to a certain specified number of months of his or her then salary.” 20-F for 2017
Our summaryThe company restructured its business groups, with the Manufacturing Group headed by Vice President Ting-Li Lin, expected to optimize operational and human resource allocation.
Word for word“We expect this restructuring to optimize operational and human resource allocation and help us further advance our leadership position in R&D.” 20-F for 2018
Our summaryAs part of a business restructuring, AUO, Konly and Ronly disposed of their shareholdings in SDMC to ACTW; this was treated as an equity transaction.
Word for word“Note 5: As part of a business restructuring, AUO, Konly and Ronly disposed all of their shareholdings in SDMC to ACTW during the second quarter of 2018.” 20-F for 2018
Our summarySeveral subsidiaries (DPCD, FTXM, FLMI, FLWJ, AETJ and LGPC) were resolved by their boards for dissolution as part of a business restructuring; all except AETJ had been liquidated, and AETJ was still in liquidation.
Word for word“Note7: As part of a business restructuring, DPCD, FTXM, FLMI, FLWJ, AETJ and LGPC have been resolved by their respective boards of directors for dissolution.” 20-F for 2018
AU Optronics 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 AU Optronics’s annual reports (20-F for 2019, 20-F for 2018, 20-F for 2017) and the financial data it files with the SEC, as of 2020-03-27. 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.