JBT Marel layoffs, on the record
Every job cut, severance charge and restructuring JBT Marel reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 5,100 to approximately 11,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 5,100 | fiscal year end 2023 |
| 10-K for 2024 | approximately 12,200 | — |
| 10-K for 2025 | approximately 11,500 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company implemented a 2022/2023 restructuring plan in the third quarter of 2022 to optimize its cost structure, including streamlining operations and its general and administrative infrastructure.
Word for word“In the third quarter of 2022, the Company implemented a restructuring plan (the "2022/2023 restructuring plan") to optimize our overall cost structure on a global basis.” 10-K for 2023
Our summaryThe total estimated cost of the 2022/2023 restructuring plan was revised upward in the second quarter of 2023 to a range of $16.0 million to $18.0 million, with delays in some actions.
Word for word“The total estimated cost, net of releases was revised in the second quarter from $ 8.0 million to $ 10.0 million to a range of $ 16.0 million to $ 18.0 million, which was originally expected to be recognized by the end of 2023.” 10-K for 2023
Our summaryThe company completed its 2020 restructuring plan for manufacturing capacity rationalization.
Word for word“The Company completed the 2020 restructuring plan as of June 30, 2022 and total cost in connection with the 2020 restructuring plan was $ 11.0 million.” 10-K for 2023
Our summaryThe company reported restructuring expense in its 2023 consolidated statement of income.
Word for word“Restructuring expense 11.4 7.1 5.1 Operating income 164.7 132.6 125.6 Pension expense (income), other than service cost 0.7 — ( 1.3 ) Interest income 13.4 3.7 3.8 Interest expense 24.3 16.3 11.2 Net income before income taxes 153.1 120.0 119.5 Income tax provision 23.5 16.2 27.0 Equity in net earnings of unconsolidated affiliate ( 0.3 ) — — Income from continuing operations 129.3 103.8 92.5 Income from discontinued operations, net of taxes 453.3 33.6 26.6 Net income $ 582.6 $ 137.4 $ 119.1 Basic earnings per share: Income from continuing operations $ 4.04 $ 3.24 $ 2.89 Income from discontinued operations 14.17 1.05 0.83 Net income $ 18.21 $ 4.29 $ 3.72 Diluted earnings per share: Income from continuing operations $ 4.02 $ 3.23 $ 2.88 Income from discontinued operations 14.11 1.05 0.83 Net income $ 18.13 $ 4.28 $ 3.71 Weighted average shares outstanding: Basic 32.0 32.0 32.0 Diluted 32.1 32.1 32.1 The accompanying notes are an integral part of the consolidated financial statements.” 10-K for 2023
Our summaryCompany completed its 2022/2023 restructuring plan, which streamlined operations and enhanced general and administrative infrastructure, after recognizing restructuring charges.
Word for word“The 2022/2023 restructuring plan was completed as of March 31, 2024.” 10-K for 2024
Our summaryCompany recorded severance and related expense within its 2022/2023 restructuring plan, with a portion released as liability no longer expected to be paid due to severance payments differing from estimates and natural attrition.
Word for word“The Company released $ 1.2 million of the liability during the year ended December 31, 2024 which it no longer expects to pay in connection with the restructuring plans due to actual severance payments differing from the original estimates and natural attrition of employees.” 10-K for 2024
Our summaryThe company put in place the JBT Marel 2025 Integration restructuring plan to capture synergies from the Marel acquisition and optimize its global cost structure.
Word for word“In the first quarter of 2025, the Company implemented the JBT Marel 2025 Integration restructuring plan to achieve a portion of its synergy targets identified as a result of the Marel acquisition to optimize the overall cost structure for the combined Company on a global basis.” 10-K for 2025
Our summaryThe company recorded cumulative restructuring charges for the 2025 Integration plan through year end and expects to recognize the remaining costs by the end of 2026.
Word for word“We recognized restructuring charges of $ 31.2 million, net of a cumulative release of the related liability of $ 0.4 million through December 31, 2025, and expect to recognize the remaining costs by the end of 2026.” 10-K for 2025
Our summaryThe company completed its 2022/2023 restructuring plan, designed to optimize its global cost structure, at a total cost of $17.5 million.
Word for word“In the third quarter of 2022, the Company implemented a restructuring plan (the “2022/2023 restructuring plan”) to optimize the overall cost structure for the Company on a global basis.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|---|
| 2016-12-31 | $6.1 million | $12.3 million | — | $8.6 million |
| 2017-12-31 | — | $1.7 million | — | $7.3 million |
| 2018-12-31 | — | $47 million | — | $30.8 million |
| 2019-12-31 | — | $13.5 million | — | $27.2 million |
| 2020-12-31 | — | $12.1 million | — | $13.8 million |
| 2021-12-31 | — | $5.1 million | — | — |
| 2022-12-31 | — | $7.1 million | — | — |
| 2023-12-31 | — | $11.4 million | $11.4 million | — |
| 2024-12-31 | — | $1.4 million | $1.4 million | — |
| 2025-12-31 | — | $29.3 million | — | — |
JBT Marel 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 JBT Marel’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 2026-03-02. 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.