Bard C R layoffs, on the record
Every job cut, severance charge and restructuring Bard C R reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from approximately 13,900 to approximately 16,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | approximately 13,900 | December 31, 2014 |
| 10-K for 2015 | approximately 14,900 | December 31, 2015 |
| 10-K for 2016 | approximately 16,300 | December 31, 2016 |
Job cuts, severance and restructuring
Our summaryRestructuring and productivity initiative costs in 2014, including employee separation costs of $7.5 million mainly to improve the cost structure of certain vascular businesses.
Word for word“In 2014, the amount reflected employee separation costs of $7.5 million primarily to improve the overall cost structure in certain of the company's vascular businesses.” 10-K for 2014
Our summarySeparate productivity initiative to streamline certain general and administrative functions, with employee separation costs recognized.
Word for word“Employee separation costs of $1.7 million were recognized related to this initiative.” 10-K for 2014
Our summary2012 Restructuring Plan that eliminated certain positions and other terminations worldwide, with employee separation costs under existing severance programs; part of the costs was reversed in 2013.
Word for word“During the fourth quarter of 2012, the company committed to a plan (the "2012 Restructuring Plan") which included the elimination of certain positions and other terminations worldwide.” 10-K for 2014
Our summarySeverance-related integration costs recorded for an acquisition, with a remaining liability at year end 2014.
Word for word“In connection with this acquisition, the company recorded a charge of $7.1 million ($4.6 million after tax) to other (income) expense, net, associated with severance-related integration costs.” 10-K for 2014
Our summaryDivestiture-related charges for the EP divestiture, primarily severance and employee termination costs.
Word for word“The company recorded divestiture-related charges of $17.5 million ($12.2 million after tax), primarily consisting of severance and other employee termination and consulting costs incurred in connection with the divestiture of EP.” 10-K for 2014
Our summaryThe company ran separate productivity initiatives to streamline functions, with restructuring and productivity initiative costs recorded in 2015 that included employee separation costs under its existing severance program.
Word for word“In 2015 and 2014, the amounts reflected costs incurred in connection with separate productivity initiatives to streamline certain functions to better align resources to the company's business strategies.” 10-K for 2015
Our summaryThe company recorded employee separation costs tied to its productivity initiatives in 2015 and 2014.
Word for word“In 2015 and 2014, employee separation costs of $10.3 million and $1.7 million, respectively, were recognized related to these initiatives.” 10-K for 2015
Our summaryThe company recorded restructuring costs in 2014 including employee separation costs to improve the cost structure of certain vascular businesses.
Word for word“In 2014, the amount also reflected employee separation costs of $7.5 million primarily to improve the overall cost structure in certain of the company's vascular businesses.” 10-K for 2015
Our summaryThe company recorded restructuring and productivity initiative costs in 2016 within other (income) expense, net.
Word for word“Other (income) expense, net, in 2016 included $205.2 million for litigation charges, net, $30.4 million for restructuring and productivity initiatives costs, and a net benefit of $1.3 million for acquisition-related items primarily consisting of integration-related costs and purchase accounting adjustments.” 10-K for 2016
Bard C R 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 Bard C R’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 2017-02-13. 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.