B/E Aerospace layoffs, on the record
Every job cut, severance charge and restructuring B/E Aerospace reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from approximately 9,617 to approximately 10,875.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | approximately 9,617 | December 31, 20 14 |
| 10-K for 2015 | approximately 10,057 | December 31, 20 15 |
| 10-K for 2016 | approximately 10,875 | As of December 31, 2016 |
Job cuts, severance and restructuring
Our summaryBetween 1989 and 2014 the company rationalized its businesses, reducing headcount by about 5,500 employees and eliminating 26 facilities.
Word for word“During this period , we rationalized the businesses, reduced headcount by approximately 5,500 employees and eliminated 26 facilities.” 10-K for 2014
Our summaryThe company recorded debt restructuring charges in 2012, which affected its 2013 effective tax rate compared with 2012.
Word for word“Our effe ctive tax rate in 2013 was higher than 2012 primarily due to the tax effect of the debt restructuring charges in 2012.” 10-K for 2014
Our summaryRecorded restructuring charges under a cost reduction program covering facilities consolidation, product rationalization, workforce reductions and program discontinuance.
Word for word“During 2015, the Company recognized charges totaling $49.0 in connection with its cost reduction program.” 10-K for 2015
Our summaryThe company recorded restructuring charges in 2016 for workforce reductions and facility consolidations, which were substantially completed by year end.
Word for word“During 2016, the Company recognized charges totaling $4.8 related to its business restructuring program.” 10-K for 2016
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $4.8 million | $5.4 million |
B/E Aerospace 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 B/E Aerospace’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-28. 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.