Guangshen Railway layoffs, on the record
Every job cut, severance charge and restructuring Guangshen Railway reported in its annual reports, 2019 to 2021, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2019 | 42,583 | — |
| 20-F for 2020 | 41,286 | — |
| 20-F for 2021 | approximately 42,583, 41,286 and 40,616 | December 31, 2019, 2020 and 2021 |
Job cuts, severance and restructuring
Our summaryCompany recorded a 2006 redundancy plan under which selected employees who accepted voluntary redundancy were offered early retirement benefits; the remaining obligation was reduced by payments in 2018 and 2019.
Word for word“Pursuant to a redundancy plan implemented by the Group in 2006, selected employees who had met certain specified criteria and accepted voluntary redundancy were provided with an offer of early retirement benefits, up to their official age of retirement.” 20-F for 2019
Guangshen Railway 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 Guangshen Railway’s annual reports (20-F for 2021, 20-F for 2020, 20-F for 2019) and the financial data it files with the SEC, as of 2022-04-28. 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.