Energy Transfer layoffs, on the record
Every job cut, severance charge and restructuring Energy Transfer reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from 25,682 to 8,482.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | 25,682 | January 30, 2015 |
| 10-K for 2015 | 9,466 | January 29, 2016 |
| 10-K for 2016 | 8,482 | January 31, 2017 |
Job cuts, severance and restructuring
Our summaryFormer executive Mr. Salinas resigned and received severance payments from the company.
Word for word“(4) The amounts reflected for 2015 in this column include (i) severance payments to Mr. Salinas of $854,250 upon his resignation on April 30, 2015, (ii) the realized fair value of awards that vested upon Mr.” 10-K for 2015
Our summaryThe company's general partner adopted a severance plan that pays severance benefits to salaried employees after a qualifying termination.
Word for word“In addition, ETP GP has also adopted the ETP GP Severance Plan and Summary Plan Description effective as of June 12, 2013 , (the “Severance Plan”), which provides for payment of certain severance benefits in the event of Qualifying Termination (as that term is defined in the Severance Plan).” 10-K for 2016
Energy Transfer 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 Energy Transfer’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 2017-02-24. 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.