Hexcel layoffs, on the record
Every job cut, severance charge and restructuring Hexcel reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 5,590 | As of December 31, 2023 |
| 10-K for 2024 | 5,894 | As of December 31, 2024 |
| 10-K for 2025 | 5,563 full-time employees and contract workers | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany closed its Windsor, Colorado wind energy prepreg production facility in 2020 as part of restructuring or alignment activities.
Word for word“From time to time, we have responded to changes in our industry and the markets we serve, or other changes in our business, by restructuring or aligning our operations, including the closure of our Windsor, Colorado and Tianjin, China wind energy prepreg production facilities in 2020 and 2022, respectively, and the movement of our Research and Technology Center from Dublin, California to Salt Lake City, Utah.” 10-K for 2023
Our summaryCompany recorded other operating expense for 2023 that included restructuring costs, along with a net gain from selling the Windsor, Colorado facility.
Word for word“Other operating expense (income): Other operating expense for 2023 of $1.4 million included restructuring costs as well as the net gain of $0.8 million from the sale of the Windsor, Colorado facility.” 10-K for 2023
Our summaryCompany recorded 2022 other operating income that included restructuring expenses offset by a gain on sale of its Dublin, California facility.
Word for word“Other operating income for 2022 of $11.9 million included the gain on the sale of our Dublin, California facility of $19.4 million which was partially offset by restructuring expenses.” 10-K for 2023
Our summaryCompany recorded restructuring-related items in 2022 including amounts for closure of its Tianjin, China wind facility and an impairment charge for its Windsor, Colorado facility.
Word for word“The year ended December 31, 2022 included a net gain of $19.4 million from the sale of the Dublin, California facility and was also impacted by restructuring costs including amounts associated with the closure of our Tianjin, China wind facility and an impairment charge for our Windsor, Colorado facility.” 10-K for 2023
Our summaryCompany disclosed a cash flow line for restructuring expenses net of payments, showing a negative adjustment in 2023.
Word for word“Restructuring expenses, net of payments ( 4.4 ) ( 0.7 ) ( 5.6 ) Pension settlement 70.5 — — Gain on sale of assets ( 0.8 ) ( 19.4 ) — Impairment of assets 3.1 1.6 — Loss (gain) on sale of investments 3.0 ( 0.3 ) — Changes in assets and liabilities: Increase in accounts receivable ( 8.9 ) ( 62.8 ) ( 40.7 ) Increase i” 10-K for 2023
Our summaryCompany recorded restructuring costs of $2.3 million within other operating expense for 2024, alongside asset impairments tied to the announced potential divestiture of the Neumarkt, Austria plant.
Word for word“Other operating expense for 2024 of $50.0 million included $46.3 million of asset impairments and $1.4 million of other charges primarily associated with the announced potential divestiture of the Neumarkt, Austria plant as well as $2.3 million of restructuring costs.” 10-K for 2024
Our summaryCompany recorded restructuring costs within other operating expense for 2023, along with a net gain from the sale of its Windsor, Colorado facility.
Word for word“Other operating expense for 2023 of $1.4 million included restructuring costs as well as the net gain of $0.8 million from the sale of the Windsor, Colorado facility.” 10-K for 2024
Our summaryCompany closed its Tianjin, China wind energy prepreg production facility as a restructuring step.
Word for word“From time to time, we have responded to changes in our industry and the markets we serve, or other changes in our business, by restructuring or aligning our operations, including the closure of our Tianjin, China wind energy prepreg production facility in 2022, the movement of our Research and Technology Center from Dublin, California to Salt Lake City, Utah, and the sale of our 50% interest in a Malaysian joint venture.” 10-K for 2024
Our summaryHexcel recorded restructuring charges for 2025, mainly severance and impairments, with some cash payments still expected.
Word for word“We recognized restructuring charges of $ 28.4 million for the year ended December 31, 2025 primarily related to severance and impairments.” 10-K for 2025
Our summaryHexcel recorded smaller restructuring charges in 2024 and 2023, mainly for severance and asset impairments.
Word for word“We recognized restructuring charges of $ 2.3 million and $ 0.8 million for the years ended December 31, 2024 and December 31, 2023, respectively, primarily related to severance and asset impairments.” 10-K for 2025
Our summaryHexcel took charges in 2025 for closing its Belgium facility and divesting its Austria and Hartford, Connecticut businesses.
Word for word“For the year ended December 31, 2025, other operating expense was $37.8 million which included charges of $28.2 million related to the closure of the Belgium facility, $4.5 million for the divestitures of the Austria and Hartford, Connecticut businesses and a $3.9 million non-income tax charge related to the net value of a foreign entity.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2018-12-31 | $7.7 million | — |
| 2019-12-31 | $0 | — |
| 2020-12-31 | $42.8 million | $21.6 million |
| 2021-12-31 | $18.8 million | $20.3 million |
| 2022-12-31 | $7.6 million | $8.6 million |
| 2023-12-31 | $800,000 | $4.7 million |
| 2024-12-31 | $2.3 million | $2.2 million |
| 2025-12-31 | $28.4 million | $20.8 million |
Hexcel 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 Hexcel’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 2026-02-11. 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.