Avery Dennison layoffs, on the record
Every job cut, severance charge and restructuring Avery Dennison reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 35,000 to approximately 35,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 35,000 | year-end 2023 |
| 10-K for 2024 | approximately 35,000 | year-end 2024 |
| 10-K for 2025 | approximately 35,000 | year-end 2025 |
Job cuts, severance and restructuring
Our summaryApproved a 2023 restructuring plan to further optimize the European footprint of the Materials Group by reducing operations in a manufacturing facility in Belgium, with severance for about 210 positions plus asset impairment charges.
Word for word“In the third quarter of 2023, we approved a restructuring plan (the "2023 Plan") to further optimize the European footprint of our Materials Group reportable segment by reducing operations in a manufacturing facility in Belgium.” 10-K for 2023
Our summaryRecorded other 2023 restructuring actions consisting of severance and asset impairment charges at numerous locations across the company.
Word for word“We recorded $49.0 million in restructuring charges, net of reversals, related to other 2023 actions (collectively with the 2023 Plan, "2023 Actions").” 10-K for 2023
Our summaryRecorded restructuring charges under the 2019/2020 actions, consisting of severance and asset impairment charges at numerous locations.
Word for word“During 2022, we recorded $ 7.3 million in restructuring charges, net of reversals, related to our 2019/2020 actions.” 10-K for 2023
Our summaryReported total restructuring charges for 2023 of severance and asset impairment costs across segments and Corporate.
Word for word“Total $ 79.4 $ 7.7 $ 13.6 NOTE 14.” 10-K for 2023
Our summaryRecorded restructuring charges for 2025 actions, covering severance and asset impairment in the Solutions Group segment.
Word for word“In the fourth quarter 2024, we recorded $13.1 million in restructuring charges related to our 2025 actions.” 10-K for 2024
Our summaryRecorded restructuring charges under the 2023 actions for severance and asset impairment at locations across the company.
Word for word“During 2024, we recorded $28.8 million in restructuring charges, net of reversals, related to our 2023 actions.” 10-K for 2024
Our summaryApproved a 2023 plan to further optimize the European footprint of the Materials Group by reducing operations at a manufacturing facility in Belgium.
Word for word“The cumulative charges associated with the 2023 Plan consisted of severance and related costs for the reduction of approximately 210 positions, as well as asset impairment charges.” 10-K for 2024
Our summaryReported total restructuring actions spending across the company, mostly in the Solutions Group in 2024.
Word for word“We expended approximately $42 million in 2024 compared to $79 million for restructuring actions in 2023.” 10-K for 2024
Our summaryThe company recorded restructuring charges in 2025 for its 2025 actions, covering severance and asset impairments to optimize its operational footprint.
Word for word“These charges consisted of severance and related costs for the reduction of approximately 1,200 positions, as well as asset impairment charges, at numerous locations across our company, as a result of actions taken to optimize our operational footprint.” 10-K for 2025
Our summaryThe company recorded restructuring charges in the fourth quarter of 2024 for its 2025 actions, covering severance and asset impairments in the Solutions Group.
Word for word“These charges consisted of severance and related costs for the reduction of approximately 90 positions, as well as asset impairment charges, reflecting actions at numerous locations in our Solutions Group reportable segment.” 10-K for 2025
Our summaryThe company recorded restructuring charges in 2024 for its 2023 actions, covering severance and asset impairments across the company.
Word for word“These charges consisted of severance and related costs for the reduction of approximately 1,280 positions, as well as asset impairment charges, at numerous locations across our company.” 10-K for 2025
Our summaryThe company spent money on restructuring actions in 2025 across locations in both its Solutions Group and Materials Group segments.
Word for word“We expended approximately $47 million in 2025 compared to approximately $42 million related to restructuring actions in 2024.” 10-K for 2025
Our summaryThe company completed a European footprint optimization in Belgium for its Materials Group segment.
Word for word“For example, in 2025, we completed a European footprint optimization in Belgium for our Materials Group reportable segment, and in 2024, we consolidated our Solutions Group reportable segment's operations in Mexico.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2019-12-28 | — | $57.1 million |
| 2021-01-02 | $55.3 million | $51.7 million |
| 2022-01-01 | $13.6 million | $27.1 million |
| 2022-12-31 | $7.7 million | $13.4 million |
| 2023-12-30 | $79.4 million | $49.2 million |
| 2024-12-28 | $41.9 million | $43.9 million |
| 2025-12-31 | $47.2 million | — |
Avery Dennison filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Avery Dennison’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-25. 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.