Celadon layoffs, on the record
Every job cut, severance charge and restructuring Celadon reported in its annual reports, 2014 to 2016, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company reported one-time severance payments associated with its acquisitions during fiscal 2014 as a driver of higher salaries, wages, and benefits expense.
Word for word“These increases in salaries, wages, and benefits are largely due to increased administrative salaries due to headcount, driver salaries due to increased miles, recruiting expenses due to expanded recruiting efforts, medical benefits expense, and one-time severance payments associated with our acquisitions during fiscal 2014.” 10-K for 2014
Our summaryCompany paid one-time severance payments associated with its acquisitions during fiscal 2014, which increased salaries, wages and benefits expense.
Word for word“These increases in salaries, wages, and benefits were largely due to increased administrative salaries due to headcount, driver salaries due to increased miles, recruiting expenses due to expanded recruiting efforts, medical benefits expense, and one-time severance payments associated with our acquisitions during fiscal 2014.” 10-K for 2015
Celadon 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 Celadon’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 2016-09-13. 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.