GenOn Energy layoffs, on the record
Every job cut, severance charge and restructuring GenOn Energy reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from 1,689 to 1,339.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | 1,689 | December 31, 2015 |
| 10-K for 2016 | 1,581 | December 31, 2016 |
| 10-K for 2017 | 1,339 | As of December 31, 2017 |
Job cuts, severance and restructuring
Our summaryGenOn and its affiliates filed voluntary Chapter 11 petitions to carry out a prearranged restructuring under a Restructuring Support Agreement with NRG and noteholders; the filing reports no layoffs or severance programs.
Word for word“Prior to filing the Chapter 11 Cases, the GenOn Entities entered into the Restructuring Support Agreement on June 12, 2017 that provides for a restructuring and recapitalization of the GenOn Entities through a prearranged plan of reorganization.” 10-K for 2017
GenOn Energy 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 GenOn Energy’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-03-30. 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.