Cooper-Standard layoffs, on the record
Every job cut, severance charge and restructuring Cooper-Standard reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 23,000 to approximately 22,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 23,000 | December 31, 2023 |
| 10-K for 2024 | approximately 22,000 | As of December 31, 2024 |
| 10-K for 2025 | approximately 22,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company undertook restructuring actions, including plant and other facility closures and workforce reductions, to maintain its competitive footprint or respond to automotive market changes.
Word for word“Our restructuring actions include plant and other facility closures and workforce reductions and are initiated to maintain our competitive footprint or in response to changes in global and regional automotive markets.” 10-K for 2023
Our summaryRestructuring charges for 2023 totaled $18,018 thousand, primarily for employee separation costs tied to workforce reduction initiatives and for plant closures in Asia Pacific, Europe and North America.
Word for word“Restructuring expense for the year ended December 31, 2023 primarily includes expenses incurred related to employee separation costs associated with workforce reduction initiatives to optimize the Company’s cost structure.” 10-K for 2023
Our summaryRestructuring charges for 2022 were $18,304 thousand, mainly employee separation costs from workforce reduction initiatives.
Word for word“Restructuring expense for the year ended December 31, 2022 primarily includes expenses incurred related to employee separation costs associated with workforce reduction initiatives to optimize the Company’s cost structure.” 10-K for 2023
Our summaryEmployee separation cost expense for 2023 was $13,946 thousand, with cash payments of $8,677 thousand.
Word for word“Expense 13,946 4,072 18,018 Cash payments ( 8,677 ) ( 5,201 ) ( 13,878 ) Foreign exchange translation and other 506 79 585 Balance as of December 31, 2023 $ 18,960 $ 5,333 $ 24,293” 10-K for 2023
Our summaryIn May 2024 the Board approved a restructuring plan to eliminate up to 400 salaried, contract and open positions.
Word for word“In May 2024, the Board of Directors of the Company approved a restructuring plan that will eliminate up to 400 salaried, contract and open positions based on the Company’s new product line organizational structure and current and anticipated market demands.” 10-K for 2024
Our summaryCompany recognized total restructuring expenses for 2024, of which $17,000 related to the May 2024 plan; the plan is expected to yield annualized savings.
Word for word“During the year ended December 31, 2024, the Company recognized total restructuring expenses of $ 23,601 , of which $17,000 was related to the restructuring plan approved in May 2024.” 10-K for 2024
Our summaryRestructuring expense in 2024 primarily consisted of employee separation costs tied to workforce reduction initiatives, plus plant closures in Europe and North America.
Word for word“Restructuring expense for the year ended December 31, 2024 primarily consisted of employee separation costs related to workforce reduction initiatives aimed at optimizing the Company’s cost structure.” 10-K for 2024
Our summaryRestructuring expense in 2023 primarily consisted of employee separation costs tied to workforce reduction initiatives, plus plant closures in Asia Pacific, Europe and North America.
Word for word“Restructuring expense for the year ended December 31, 2023 primarily consisted of employee separation costs related to workforce reduction initiatives aimed at optimizing the Company’s cost structure.” 10-K for 2024
Our summaryThe company recognized about $17,000 thousand of restructuring expense on the 2024 plan in 2024 and does not expect significant further expense.
Word for word“After recognizing approximately $17,000 of restructuring expenses related to this plan during the year ended December 31, 2024, the Company did not recognize any significant additional expenses related to this plan during the year ended December 31, 2025 and does not anticipate doing so in the future.” 10-K for 2025
Our summaryThe company expects the 2024 restructuring to generate annualized savings of about $40,000 to $45,000 thousand.
Word for word“The restructuring activities are anticipated to generate annualized savings of approximately $40,000 to $45,000.” 10-K for 2025
Our summaryThe 2025 restructuring expense was mostly other exit costs from closing and downsizing plants in Europe and North America, plus employee separation costs from workforce reductions.
Word for word“Restructuring expense for the year ended December 31, 2025 primarily consisted of other exit costs associated with the closure and downsizing of certain plants in Europe and North America, as well as employee separation costs related to workforce reduction initiatives aimed at optimizing the Company’s cost structure.” 10-K for 2025
Our summaryRestructuring charges for 2025 were $3.6 million lower than 2024, mainly because the cost optimization plan begun in the second quarter of 2024 raised prior-year expense.
Word for word“Restructuring charges for the year ended December 31, 2025 decreased $3.6 million compared to the year ended December 31, 2024.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $46 million | $56.1 million |
| 2017-12-31 | $35.1 million | $39.5 million |
| 2018-12-31 | $29.7 million | $38.1 million |
| 2019-12-31 | $51.1 million | $33.9 million |
| 2020-12-31 | $39.5 million | $40.3 million |
| 2021-12-31 | $37 million | $32.8 million |
| 2022-12-31 | $18.3 million | $23.7 million |
| 2023-12-31 | $18 million | $13.9 million |
| 2024-12-31 | $23.6 million | $26.5 million |
| 2025-12-31 | $20 million | $26.4 million |
Cooper-Standard 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 Cooper-Standard’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-13. 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.