Columbus McKinnon layoffs, on the record
Every job cut, severance charge and restructuring Columbus McKinnon reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from 3,515 to approximately 7,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 3,515 | March 31, 2024 |
| 10-K for 2025 | 3,478 | March 31, 2025 |
| 10-K for 2026 | approximately 7,300 | March 31, 2026 |
Job cuts, severance and restructuring
Our summaryThe filing mentions business realignment costs in fiscal 2023 and a decrease in selling expenses from net business realignment costs that did not recur in fiscal 2024.
Word for word“Selling expenses increased $6,426,000 as a result of the montratec acquisition offset by a decreases in net business realignment costs, which did not recur for $3,807,000, and lower employee costs of $1,157,000 as a result of the prior year business realignment.” 10-K for 2024
Our summaryClosed the Charlotte Manufacturing Operations by relocating North American linear motion operations to Monterrey, Mexico, with related impairment and severance costs.
Word for word“The Company recorded $ 3,567,000 in fixed asset impairment costs and inventory obsolescence, $ 3,268,000 in Right of Use lease asset impairment costs and $ 1,093,000 in employee related severance and retention costs during the twelve months ended March 31, 2025, in the Condensed Consolidated Statements of Operations.” 10-K for 2025
Our summaryConsolidated the Latin American Precision Conveyance business into facilities in Hartland, Wisconsin and Monterrey, Mexico, with severance and related costs.
Word for word“The Company recorded $ 2,115,000 in fixed asset impairment costs and inventory obsolescence, $ 643,000 in Right of Use lease asset impairment costs, $ 1,069,000 in employee related severance and retention costs, and $ 544,000 for a reserve on other current assets during the twelve months ended March 31, 2025, in the Condensed Consolidated Statements of Operations.” 10-K for 2025
Our summaryGross profit decreased partly due to costs to close the Charlotte Manufacturing Operations and two Precision Conveyance operations, including employee severance costs and asset impairments.
Word for word“The decrease in gross profit was due to start-up costs totaling $6,919,000 related to the Monterrey, Mexico facility, $15,178,000 of costs incurred to close our Charlotte Manufacturing Operations and two of our Precision Conveyance operations which includes employee severance costs and asset-related impairments, $33,007,000 due to lower sales volumes, $1,999,000 due to higher product liability expenses, $648,000 of net business realignment costs, and $171,000 of additional costs due to Hurricane Helene's impact on one of our facilities.” 10-K for 2025
Our summaryThe company announced it would move its North American linear motion operations from Charlotte, North Carolina to its Monterrey, Mexico plant, and recorded impairment and severance costs.
Word for word“The Company recorded $ 3,567,000 in fixed asset impairment costs and inventory obsolescence, $ 3,268,000 in Right-of-Use lease asset impairment costs and $ 1,093,000 in employee related severance and retention costs during the twelve months ended March 31, 56 COLUMBUS McKINNON CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued) (tabular amounts in thousands, except share data) 2025, in the Consolidated Statements of Operations.” 10-K for 2026
| Fiscal year ended | Severance costs | Restructuring charges |
|---|---|---|
| 2017-03-31 | — | $1.1 million |
| 2018-03-31 | $4.2 million | — |
Columbus McKinnon 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 Columbus McKinnon’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-06-08. 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.