Howmet Aerospace layoffs, on the record
Every job cut, severance charge and restructuring Howmet Aerospace reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 23,200 | end of 2023 |
| 10-K for 2024 | approximately 23,930 employees | end of 2024 |
| 10-K for 2025 | approximately 25,430 employees | the end of 2025 |
Job cuts, severance and restructuring
Our summaryRecorded a layoff costs charge within 2023 restructuring and other charges.
Word for word“Restructuring and other charges in 2023 consisted primarily of a $12 charge for impairment of assets primarily related to decommissioned fixed assets in Engineered Structures, a $5 charge for U.S. and Canadian pension plans’ settlement accounting, a $3 charge for layoff costs, a $3 charge for various other exit related costs primarily for the closures of small manufacturing facilities, and a $2 charge for accelerated depreciation primarily related to the closure of a small Engineered Structures facility in the U.K.” 10-K for 2023
Our summaryClosed small manufacturing facilities and said it may close more to consolidate operations and reduce fixed costs.
Word for word“The Company has closed some small manufacturing facilities and may in the future close additional small facilities in order to consolidate operations, reduce fixed costs, and exit less profitable businesses.” 10-K for 2023
Our summaryRecorded restructuring and other charges in 2022 for pension settlement accounting and other exit costs.
Word for word“Restructuring and other charges in 2022 consisted primarily of a $58 charge for U.K. and U.S. pension plans’ settlement accounting and a $6 charge for various other exit costs.” 10-K for 2023
Our summaryRecorded restructuring and other charges in 2021 including layoff costs, accelerated depreciation and facility-related exit costs, partly offset by a reversal of prior layoff reserves.
Word for word“Restructuring and other charges in 2021 consisted primarily of a $75 charge for U.K. and U.S. pension plans’ settlement accounting, a $15 charge for accelerated depreciation primarily related to the closure of small U.S. manufacturing facilities in Engine Products and Fastening Systems, a $7 charge for layoff costs, a $4 charge for impairment of assets associated with an agreement to sell a small manufacturing business in France, and a $4 charge for various other exit costs.” 10-K for 2023
Our summaryRestructuring and other charges in 2024 included a $10 charge for layoff costs.
Word for word“Restructuring and other charges in 2024 consisted primarily of a $13 net loss on the sale of a small U.K. manufacturing facility in Engineered Structures and $10 charge for layoff costs.” 10-K for 2024
Our summaryThe company reported layoff and other restructuring payments of $4 due within one year, primarily severance costs, and may close or sell additional small facilities in the future.
Word for word“Layoff and other restructuring payments to be paid within one year primarily relate to severance costs.” 10-K for 2024
Our summaryHowmet reported 2025 restructuring and other charges made up mostly of a U.K. pension settlement charge and a small layoff cost charge, partly offset by gains on selling assets at two closed facilities.
Word for word“Restructuring and other charges in 2025 consisted primarily of $89 charges for U.K. pension plan settlement accounting and a $3 charge for layoff costs partially offset by $5 in gains on the sales of assets at two small previously closed facilities.” 10-K for 2025
Our summaryHowmet said it has closed or sold some small manufacturing facilities and may close or sell more to consolidate operations, cut fixed costs and exit less profitable businesses.
Word for word“The Company has closed or sold some small manufacturing facilities and may, in the future, close or sell additional small facilities in order to consolidate operations, reduce fixed costs, and exit less profitable businesses.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|---|
| 2016-12-31 | $68 million | $155 million | $86 million | — |
| 2017-12-31 | $64 million | $165 million | $65 million | — |
| 2018-12-31 | $18 million | $163 million | $30 million | — |
| 2019-12-31 | $69 million | $582 million | $63 million | — |
| 2020-12-31 | $113 million | $182 million | $51 million | — |
| 2021-12-31 | $7 million | $90 million | $43 million | 253 |
| 2022-12-31 | $0 | $56 million | $16 million | — |
| 2023-12-31 | $3 million | — | $6 million | — |
| 2024-12-31 | $10 million | — | $10 million | 429 |
| 2025-12-31 | $3 million | — | $5 million | 123 |
Howmet Aerospace 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 Howmet Aerospace’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 2026-02-12. 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.