Grupo Simec, S.a.b. de C.v. layoffs, on the record
Every job cut, severance charge and restructuring Grupo Simec, S.a.b. de C.v. reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 4,260 to 4,702.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 4,260 | December 31, 2023 |
| 20-F for 2024 | 4,443 | December 31, 2024 |
| 20-F for 2025 | 4,702 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAdministrative expenses rose mainly because of costs tied to severance of administrative personnel.
Word for word“This increase was primarily due to expenses related to the severance of administrative personnel.” 20-F for 2023
Our summaryRepublic's collective bargaining agreement benefits ceased after the closure of its facilities, with severance, grievance and vacation payouts made during the year.
Word for word“There were approximately U.S.$5.4 million severance payments, grievance payments and vacation payouts paid during the year ended December 31, 2023.” 20-F for 2023
Our summaryCompany recorded a Republic employee benefits provision within other expenses.
Word for word“Republic employee benefits provision ( 140,989 ) 0 0 Bad debt estimate ( 20,322 ) ( 21,983 ) ( 19,398 ) Other expenses ( 2,922 ) 0 0 Other expenses ( 169,278 ) ( 25,310 ) ( 179,320 )” 20-F for 2023
Our summaryRepublic's facilities in Canton, Solon, Massillon and Lackawanna were closed, ending its participation in the Steelworkers Pension Trust.
Word for word“Prior to the closure of Republic's facilities in Canton, Solon, Massillon and Lackawanna, Republic participated in the Steelworkers Pension Trust (SPT), a defined benefit multi-employer pension plan under the terms of the collective bargaining agreement.” 20-F for 2023
Our summaryRepublic's facilities in Canton, Solon, Massillon and Lackawanna closed, and all manufacturing operations ceased, with the union agreement terminated.
Word for word“With the cessation of all manufacturing operations and termination of the union agreement on December 31, 2023, the SPT assessed the Company a withdrawal liability for the complete withdrawal from the pension trust totaling $ 8,345,769 , to be paid in five quarterly payments beginning in April 2024.” 20-F for 2024
Our summarySeverance, grievance and vacation payments were made to employees under the Republic agreement after benefits ceased.
Word for word“Approximately $ 5.4 million in severance pay, time off pay, and vacation pay was paid during the year ended December 31, 2023.” 20-F for 2024
Our summaryRepublic employee benefits provision recorded within other expenses.
Word for word“Republic employee benefits provision 140,989 0” 20-F for 2024
Grupo Simec, S.a.b. de C.v. 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 Grupo Simec, S.a.b. de C.v.’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-07-31. 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.