Berry Global Group layoffs, on the record
Every job cut, severance charge and restructuring Berry Global Group reported in its annual reports, 2022 to 2024, quoted from the filings. Headcount went from approximately 46,000 to approximately 42,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 46,000 | At the end of fiscal 2022 |
| 10-K for 2023 | approximately 44,000 | At the end of fiscal 2023 |
| 10-K for 2024 | approximately 42,000 | At the end of fiscal 2024 |
Job cuts, severance and restructuring
Our summaryCompany announced various restructuring plans in the last three fiscal years that included shutting down facilities, with the majority of operations transferred to other facilities within the segment.
Word for word“The Company has announced various restructuring plans in the last three fiscal years which included shutting down facilities.” 10-K for 2022
Our summaryCompany recorded restructuring and transaction activity charges by segment, including restructuring charges for Consumer Packaging International.
Word for word“The table below sets forth the significant components of the restructuring and transaction activity charges recognized for the fiscal years ended, by segment: 2022 2021 2020 Consumer Packaging International $ 10 $ 56 $ 58 Consumer Packaging North America 5 — 10 Engineered Materials 2 ( 4 ) 6 Health, Hygiene & Specialties 6 ( 1 ) 5 Consolidated $ 23 $ 51 $ 79 39” 10-K for 2022
Our summaryCompany recorded employee severance and benefits restructuring charges and cash payments.
Word for word“Charges 7 9 — 7 23 Cash ( 11 ) ( 11 ) — ( 7 ) ( 29 ) Balance as of fiscal 2022 $ 2 $ 3 $ — $ — $ 5 Since 2020, cumulative costs attributed to restructuring programs total $ 80 million.” 10-K for 2022
Our summaryCompany stated that cumulative costs attributed to restructuring programs since 2020 total a stated amount.
Word for word“Since 2020, cumulative costs attributed to restructuring programs total $ 80 million.” 10-K for 2022
Our summaryCompany stated it did not shut down any facilities with significant net sales during fiscal 2020 through 2022.
Word for word“During fiscal 2020, 2021, and 2022, the Company did no t shut down any facilities with significant net sales.” 10-K for 2022
Our summaryCompany initiated cost savings initiatives, including plant rationalization in all four segments, as part of its 2023 restructuring plan.
Word for word“In the current fiscal year, the Company initiated cost savings initiatives including plant rationalization in all four segments as part of the 2023 restructuring plan.” 10-K for 2023
Our summaryRestructuring charges recorded in fiscal 2023 included employee severance and benefits costs, facility exit costs, and non-cash impairment charges.
Word for word“Restructuring (a) Employee Severance and Benefits Facility Exit Costs Non-cash Impairment Charges Transaction Activities Total Balance as of fiscal 2021 $ 6 $ 5 $ — $ — $ 11 Charges 7 9 — 7 23 Cash ( 11 ) ( 11 ) — ( 7 ) ( 29 ) Balance as of fiscal 2022 $ 2 $ 3 $ — $ — $ 5 Charges 39 23 8 32 102 Non-cash items — — ( 8 ) — ( 8 ) Cash ( 31 ) ( 25 ) — ( 32 ) ( 88 ) Balance as of fiscal 2023 $ 10 $ 1 $ — $ — $ 11 (a) Since 2021, cumulative costs attributed to restructuring programs total $ 105 million.” 10-K for 2023
Our summaryCumulative costs attributed to restructuring programs since 2021 were reported.
Word for word“(a) Since 2021, cumulative costs attributed to restructuring programs total $ 105 million.” 10-K for 2023
Our summaryThe company recorded business consolidation and other activity charges across its segments in fiscal 2024, totaling $190 million.
Word for word“Consumer Packaging International $ 124 $ 50 $ 10 Consumer Packaging North America 7 23 5 Flexibles 16 7 2 Health, Hygiene & Specialties 43 22 6 Total $ 190 $ 102 $ 23 36 Table of Contents Other activities consist of acquisition, divestiture and other business optimization related costs.” 10-K for 2024
Our summaryThe company reported cumulative costs for business consolidation programs since 2022 of $184 million.
Word for word“(a) Since 2022, cumulative costs attributed to business consolidation programs total $ 184 million.” 10-K for 2024
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-10-01 | $32 million | $26 million |
| 2017-09-30 | $24 million | $29 million |
| 2018-09-29 | $36 million | $42 million |
| 2019-09-28 | −$124 million | — |
| 2020-09-26 | $79 million | $67 million |
| 2021-10-02 | $51 million | $56 million |
| 2022-10-01 | $23 million | $29 million |
| 2023-09-30 | $102 million | $67 million |
| 2024-09-28 | — | $64 million |
Berry Global 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 Berry Global Group’s annual reports (10-K for 2024, 10-K for 2023, 10-K for 2022) and the financial data it files with the SEC, as of 2024-11-26. 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.