Gentherm layoffs, on the record
Every job cut, severance charge and restructuring Gentherm reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 14,504 to 14,174.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 14,504 | December 31, 2023 |
| 10-K for 2024 | 14,246 | December 31, 2024 |
| 10-K for 2025 | 14,174 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company committed to a 2023 restructuring plan to improve manufacturing productivity and rationalize its footprint, including relocating Greenville, South Carolina activities to Monterrey, Mexico.
Word for word“As of December 31, 2023, the Company expects to incur total costs of between $12 million and $16 million, of which between $11 million and $15 million are expected to be cash expenditures.” 10-K for 2023
Our summaryThe company recognized restructuring expense under the 2023 plan for employee separation costs and other costs.
Word for word“During the year ended December 31, 2023, the Company recognized restructuring expense of $0.5 million for employee separation costs and $0.2 million for other costs.” 10-K for 2023
Our summaryCompleted closure and relocation of the Greenville, South Carolina plant under the 2023 Plan and sold the facility, recording restructuring expense for employee separation and other costs.
Word for word“During the year ended December 31, 2024, the Company completed the closure and relocation and completed the sale of its Greenville, South Carolina manufacturing facility, resulting in a gain on sale of $1.9 million.” 10-K for 2024
Our summaryRecorded restructuring expense for employee separation costs and other costs under the 2023 Plan in 2024.
Word for word“During the year ended December 31, 2024, the Company also recognized restructuring expense of $1.8 million for employee separation costs and $2.4 million for other costs.” 10-K for 2024
Our summaryCommitted to additional restructuring plans to realign manufacturing capacity, including closing the Plzeň, Czech Republic facility and relocating manufacturing to other regional facilities.
Word for word“In connection with these plans, the Company expects to incur total costs of between $13 million and $21 million.” 10-K for 2024
Our summaryRestructuring expenses, net for 2024 primarily related to the 2023 Plan and other discrete restructuring activities focused on manufacturing and engineering footprint and global overhead reduction.
Word for word“Restructuring expenses, net primarily relate to the 2023 Plan and other discrete restructuring activities focused on optimizing our manufacturing and engineering footprint and the reduction of global overhead expenses.” 10-K for 2024
Our summaryThe company committed to a restructuring plan to optimize its global manufacturing footprint and expects cash costs for employee severance and retention and other transition costs.
Word for word“We expect to incur cash restructuring costs of between $3 million and $4 million for employee severance and retention costs and $1 million of other transition costs primarily for machinery and equipment move and set up costs.” 10-K for 2025
Our summaryThe company committed to a restructuring plan to realign its manufacturing capacity in Europe and expects severance, retention and transition costs.
Word for word“We expect to incur cash restructuring costs of between $4 million and $6 million for employee severance and retention costs and between $2 million and $3 million of other transition costs primarily for machinery and equipment move and set up costs.” 10-K for 2025
Our summaryThe company committed to an additional restructuring plan to realign its manufacturing capacity in Asia and expects severance, retention and transition costs.
Word for word“We expect to incur cash restructuring costs of between $2 million and $3 million for employee severance and retention costs and $1 million of other transition costs primarily for machinery and equipment move and set up costs.” 10-K for 2025
Our summaryThe company reported net restructuring expenses for 2025 tied to optimizing its manufacturing footprint and cost structure.
Word for word“Restructuring expenses, net primarily relate to discrete restructuring activities focused on optimizing our manufacturing footprint and cost structure.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2018-12-31 | $14.8 million | $9.7 million |
| 2019-12-31 | $12.9 million | $6.8 million |
| 2020-12-31 | $5.8 million | $5.8 million |
| 2021-12-31 | $3.9 million | $7.8 million |
| 2022-12-31 | $637,000 | $1.5 million |
| 2023-12-31 | $4.7 million | $3.1 million |
| 2024-12-31 | $13.1 million | $10.9 million |
| 2025-12-31 | $12.5 million | $9.3 million |
Gentherm filed 3 restructuring notices (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 Gentherm’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 2026-02-19. 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.