Huaneng Power International layoffs, on the record
Every job cut, severance charge and restructuring Huaneng Power International reported in its annual reports, 2019 to 2021, quoted from the filings. Headcount went from 58,263 to 57,513.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2019 | 58,263 | December 31, 2019 |
| 20-F for 2020 | 57,874 | December 31, 2020 |
| 20-F for 2021 | 57,513 | December 31, 2021 |
Job cuts, severance and restructuring
Our summaryThe NDRC required that part of the coal-power tariff reduction be contributed to a specialized corporate restructuring fund to support placement of personnel laid off during the supply-side reform.
Word for word“National on-grid tariffs for coal power decreased by an average of RMB0.03 per kWh, based on the relevant regulations, RMB0.01 per kWh of which shall be contributed to a specialized corporate restructuring fund with the purpose of supporting placement of personnel laid off during the supply-side reform.” 20-F for 2020
Huaneng Power International 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 Huaneng Power International’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 2022-04-21. 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.