Graphic Packaging Holding layoffs, on the record
Every job cut, severance charge and restructuring Graphic Packaging Holding reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 23,500 to more than 23,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 23,500 | December 31, 2023 |
| 10-K for 2024 | more than 23,000 | December 31, 2024 |
| 10-K for 2025 | more than 23,000 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryClosed the Battle Creek, Michigan recycled paperboard manufacturing facility, with severance, retention and related charges recorded.
Word for word“In the second quarter of 2022, the Company closed the Battle Creek, Michigan recycled paperboard manufacturing facility.” 10-K for 2023
Our summaryClosed the Norwalk, Ohio packaging facility, with post-employment benefits and retention charges recorded.
Word for word“In March 2022, the Company announced its decision to close the Norwalk, Ohio packaging facility and closed the facility in September 2022.” 10-K for 2023
Our summaryClosed the Tama facility, with post-employment benefits, retention and asset write-off charges recorded in the Paperboard Manufacturing segment.
Word for word“Due to the closure of Tama in the second quarter of 2023, the Company incurred charges within the Paperboard Manufacturing reportable segment for post-employment benefits, retention bonuses and incentives of $ 3 million, and accelerated depreciation and inventory and asset write-offs of $ 27 million through December 31, 2023.” 10-K for 2023
Our summaryRecorded restructuring accrued expenses for severance and related exit costs, with a balance at year end.
Word for word“The following table summarizes the balance of accrued expenses related to restructuring: In millions Total Balance at December 31, 2021 $ 8 Costs Incurred 1 Payments ( 6 ) Adjustments (a) ( 2 ) Balance at December 31, 2022 $ 1 Costs Incurred 25 Payments ( 4 ) Adjustments (a) ( 1 ) Balance at December 31, 2023 $ 21 (a) Adjustments related to changes in estimates of severance costs.” 10-K for 2023
Our summaryRecorded exit costs tied to its restructurings, which include severance and other costs, asset write-offs and accelerated depreciation.
Word for word“During the years ended December 31, 2024, 2023, and 2022, the Company recorded $ 74 million, $ 89 million and $ 17 million of exit costs, respectively, associated with these restructurings.” 10-K for 2024
Our summaryIncurred charges for post-employment benefits and retention bonuses, plus accelerated depreciation and write-offs, tied to the expected closure of two more recycled paperboard facilities.
Word for word“Due to the expected closures of the additional two recycled paperboard manufacturing facilities, the Company incurred charges within the Paperboard Manufacturing reportable segment for post-employment benefits, retention bonuses and incentives of $ 20 million, and accelerated depreciation and inventory and asset write-offs of $ 11 million from announcement date through December 31, 2024.” 10-K for 2024
Our summaryThe company recorded exit costs tied to its restructurings, including the new recycled paperboard facility start-up, in each of the last three years.
Word for word“During the years ended December 31, 2025, 2024 and 2023, the Company recorded $ 54 million, $ 74 million and $ 89 million of exit costs, respectively, associated with these restructurings.” 10-K for 2025
Our summaryThe company closed its Middletown, Ohio and East Angus, Quebec recycled paperboard mills and booked post-employment benefit, retention bonus and incentive charges plus accelerated depreciation and write-offs.
Word for word“As a result of the closures of the Company's Middletown, Ohio recycled paperboard manufacturing facility in May 2025 and its East Angus, Quebec recycled paperboard manufacturing facility in December 2025, the Company incurred charges within Corporate and Other for post-employment benefits, retention bonuses and incentives of $ 22 million, and accelerated depreciation, inventory and asset write-offs of $ 24 million from announcement date through December 31, 2025.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2017-12-31 | — | $0 | — |
| 2018-12-31 | — | $0 | — |
| 2019-12-31 | $15 million | $10 million | $600,000 |
| 2020-12-31 | $51 million | $25 million | $6 million |
| 2021-12-31 | $38 million | $21 million | $20 million |
| 2022-12-31 | $17 million | $10 million | $6 million |
| 2023-12-31 | $89 million | — | $4 million |
| 2024-12-31 | $74 million | — | $7 million |
| 2025-12-31 | — | — | $20 million |
Graphic Packaging Holding 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 Graphic Packaging Holding’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 2026-03-02. 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.