Invacare Holdings layoffs, on the record
Every job cut, severance charge and restructuring Invacare Holdings reported in its annual reports, 2020 to 2022, quoted from the filings.
Job cuts, severance and restructuring
Our summaryThe company reports cumulative expenses related to the sale of discontinued operations, of which most had been paid as of year end.
Word for word“Prior to 2021, the company had recorded cumulative expenses related to the sale of discontinued operations totaling $8,801,000, of which $8,405,000 were paid as of December 31, 2021.” 10-K for 2021
Our summaryThe company and its debtor affiliates signed a Restructuring Support Agreement with certain prepetition stakeholders, who agreed to support a financial restructuring of the company's existing debt and equity interests.
Word for word“Restructuring Support Agreement On January 31, 2023, the Debtors entered into a Restructuring Support Agreement (the “Restructuring Support Agreement” or “RSA”) with certain prepetition stakeholders (the “Consenting Stakeholders”).” 10-K for 2022
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $2.4 million | $3 million |
| 2017-12-31 | $12.3 million | $10.4 million |
| 2018-12-31 | $3.5 million | $5.8 million |
| 2019-12-31 | $11.8 million | $6.5 million |
| 2020-12-31 | $7.4 million | $8.1 million |
| 2021-12-31 | $2.5 million | $8.3 million |
| 2022-12-31 | $25.8 million | $18.3 million |
Invacare Holdings filed 14 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Invacare Holdings’s annual reports (10-K for 2022, 10-K for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-04-14. 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.