On the Record · Eastman Chemical
Eastman Chemical layoffs, on the record
Every job cut, severance charge and restructuring Eastman Chemical reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe filing reports employee severance and facility closing charges tied to site closures, shown as XBRL context tags, but the excerpt gives no narrative, amounts, or headcount figures for these actions.
Word for word“0000915389 us-gaap:EmployeeSeveranceMember 2023-01-01 2023-12-31” 10-K for 2023
Our summaryThe filing reports pre-tax charges for asset impairments, restructuring, and other charges, net, in the 2024 segment reconciliation.
Word for word“Asset impairments, restructuring, and other charges, net (3) (51) Mark-to-market pension and other postretirement benefits gain (loss), net (4) 54 Environmental and other costs (5) (16) Net interest expense (200) Consolidated EBT $ 1,078 For year ended December 31, 2023 (Dollars in millions) Advanced Materials Additives & Functional Products Chemical Intermediates Fibers Total Operating Segments Sales $ 2,932 $ 2,834 $ 2,143 $ 1,295 $ 9,204 Cost of sales 2,221 2,140 1,895 789 $ 7,045 Selling, general and administrative expenses 295 200 119 72 $ 686 Other segment items (1) 73 58 18 12 $ 161 Adjusted EBIT 343 436 111 422 1,312 Reconciliation of segment Adjusted EBIT to consolidated EBT: Other adjusted EBIT (2) (215) Non-core items impacting EBIT Cost of sales impact from restructuring activities (3) (23) Asset impairments, restructuring, and other charges, net (3) (37) Mark-to-market pension and other postretirement benefits gain (loss), net (4) (53) Environmental and other costs (5) (13) Net gain on divested business (6) 323 Unusual items impacting EBIT Steam line incident insurance proceeds (7) 8 Net interest expense (215) Consolidated EBT $ 1,087 For year ended December 31, 2022 (Dollars in millions) Advanced Materials Additives & Functional Products Chemical Intermediates Fibers Total Operating Segments Sales $ 3,207 $ 3,475 $ 2,716 $ 1,022 $ 10,420 Cost of sales 2,451 2,689 2,248 814 8,202 Selling, general and administrative expenses 283 183 104 64 634 Other segment items (1) 78 57 15 4 154 Adjusted EBIT 395 546 349 140 1,430 Reconciliation of segment Adjusted EBIT to consolidated EBT: Other adjusted EBIT (2) (91) Non-core items impacting EBIT Asset impairments, restructuring, and other charges, net (3) (52) Mark-to-market pension and other postretirement benefits gain (loss), net (4) (19) Environmental and other costs (5) (15) Adjustments to contingent consideration 6 Net loss on divested business and transaction costs (6) (61) Unusual items impacting EBIT Steam line incident insurance proceeds (7) (39) Net interest expense (182) Consolidated EBT $ 977 For year ended December 31, 2024 Advanced Materials Additives & Functional Products Chemical Intermediates Fibers Total Operating Segments Other Total Consolidated Depreciation and amortization expense 194 146 99 64 503 6 509 Capital expenditures 403 68 65 42 578 21 599 Assets (6) 5,735 4,608 1,586 1,075 13,004 2,209 15,213 (1) Other segment items for each reportable segment includes research and development expenses, other components of post-employment (benefit) cost, net and other (income) charges, net.” 10-K for 2024
Our summaryThe filing reports a cost of sales impact from restructuring activities in 2024.
Word for word“Cost of sales impact from restructuring activities (3) (7) Asset impairments, restructuring, and other charges, net (3) (51) Mark-to-market pension and other postretirement benefits gain (loss), net (4) 54 Environmental and other costs (5) (16) Net interest expense (200) Consolidated EBT $ 1,078 For year ended December 31, 2023 (Dollars in millions) Advanced Materials Additives & Functional Products Chemical Intermediates Fibers Total Operating Segments Sales $ 2,932 $ 2,834 $ 2,143 $ 1,295 $ 9,204 Cost of sales 2,221 2,140 1,895 789 $ 7,045 Selling, general and administrative expenses 295 200 119 72 $ 686 Other segment items (1) 73 58 18 12 $ 161 Adjusted EBIT 343 436 111 422 1,312 Reconciliation of segment Adjusted EBIT to consolidated EBT: Other adjusted EBIT (2) (215) Non-core items impacting EBIT Cost of sales impact from restructuring activities (3) (23) Asset impairments, restructuring, and other charges, net (3) (37) Mark-to-market pension and other postretirement benefits gain (loss), net (4) (53) Environmental and other costs (5) (13) Net gain on divested business (6) 323 Unusual items impacting EBIT Steam line incident insurance proceeds (7) 8 Net interest expense (215) Consolidated EBT $ 1,087 For year ended December 31, 2022 (Dollars in millions) Advanced Materials Additives & Functional Products Chemical Intermediates Fibers Total Operating Segments Sales $ 3,207 $ 3,475 $ 2,716 $ 1,022 $ 10,420 Cost of sales 2,451 2,689 2,248 814 8,202 Selling, general and administrative expenses 283 183 104 64 634 Other segment items (1) 78 57 15 4 154 Adjusted EBIT 395 546 349 140 1,430 Reconciliation of segment Adjusted EBIT to consolidated EBT: Other adjusted EBIT (2) (91) Non-core items impacting EBIT Asset impairments, restructuring, and other charges, net (3) (52) Mark-to-market pension and other postretirement benefits gain (loss), net (4) (19) Environmental and other costs (5) (15) Adjustments to contingent consideration 6 Net loss on divested business and transaction costs (6) (61) Unusual items impacting EBIT Steam line incident insurance proceeds (7) (39) Net interest expense (182) Consolidated EBT $ 977 For year ended December 31, 2024 Advanced Materials Additives & Functional Products Chemical Intermediates Fibers Total Operating Segments Other Total Consolidated Depreciation and amortization expense 194 146 99 64 503 6 509 Capital expenditures 403 68 65 42 578 21 599 Assets (6) 5,735 4,608 1,586 1,075 13,004 2,209 15,213 (1) Other segment items for each reportable segment includes research and development expenses, other components of post-employment (benefit) cost, net and other (income) charges, net.” 10-K for 2024
Our summaryThe filing references a site closure for Advanced Interlayers in North America tied to a 2020 plan, with segment-level amounts reported for 2022 through 2024.
Word for word“0000915389 emn:SiteClosureAdvancedInterlayersNorthAmerica2020Member emn:AdvancedMaterialsMember 2024-01-01 2024-12-31 0000915389 emn:SiteClosureAdvancedInterlayersNorthAmerica2020Member emn:AdvancedMaterialsMember 2023-01-01 2023-12-31 0000915389 emn:SiteClosureAdvancedInterlayersNorthAmerica2020Member emn:AdvancedMaterialsMember 2022-01-01 2022-12-31 0000915389 emn:SiteClosureTireAdditivesAsiaPacificMember us-gaap:” 10-K for 2024
| Fiscal year ended | Severance costs | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $32 million | $48 million |
| 2017-12-31 | $6 million | $34 million |
| 2018-12-31 | $6 million | $22 million |
| 2019-12-31 | $45 million | $41 million |
| 2020-12-31 | $65 million | $32 million |
| 2021-12-31 | $2 million | $83 million |
| 2022-12-31 | $30 million | $35 million |
| 2023-12-31 | $31 million | $46 million |
| 2024-12-31 | $25 million | $46 million |
| 2025-12-31 | $39 million | $49 million |
Eastman Chemical 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 Eastman Chemical’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.