Johnson Controls layoffs, on the record
Every job cut, severance charge and restructuring Johnson Controls reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from approximately 168,000 to approximately 154,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | approximately 168,000 | As of September 30, 2014 |
| 10-K for 2015 | approximately 139,000 | September 30, 2015 |
| 10-K for 2016 | approximately 154,000 | As of September 30, 2016 |
Job cuts, severance and restructuring
Our summaryRestructuring plans in fiscal 2014, 2013 and 2012 included workforce reductions, with about 20,600 employees planned for reduction across the Automotive Experience, Building Efficiency and Power Solutions businesses.
Word for word“The Company's restructuring plans included workforce reductions of approximately 20,600 employees ( 11,000 for the Automotive Experience business, 8,500 for the Building Efficiency business and 1,100 for the Power Solutions business).” 10-K for 2014
Our summaryAbout 13,300 employees had been separated under the restructuring plans as of the fiscal year end, and twenty-seven plant closures were included in the plans, with fifteen closed.
Word for word“As of September 30, 2014, approximately 13,300 of the employees have been separated from the Company pursuant to the restructuring plans.” 10-K for 2014
Our summaryEmployee severance and termination benefit charges were recorded within the restructuring reserve during fiscal 2014.
Word for word“Additional restructuring and impairment costs 392 156 430 7 — 985 Utilized—cash (141 ) — — (7 ) — (148 ) Utilized—noncash — (156 ) (430 ) (4 ) 2 (588 ) Transfer to liabilities held for sale (31 ) — — — — (31 ) Balance at September 30, 2013 $ 441 $ — $ — $ 3 $ 2 $ 446 Additional restructuring and impairment costs 191 134 47 5 — 377 Utilized—cash (224 ) — — (3 ) — (227 ) Utilized—noncash — (134 ) (47 ) — (16 ) (197 ) Transfer from liabilities held for sale 31 — — — — 31 Transfer to liabilities held for sale (24 ) — — — — (24 ) Balance at September 30, 2014 $ 415 $ — $ — $ 5 $ (14 ) $ 406 The $31 million of transfers from liabilities held for sale represent restructuring reserves that were included in liabilities held for sale in the consolidated statement of financial position at September 30, 2013, but were excluded from liabilities held for sale at September 30, 2014 based on transaction negotiations.” 10-K for 2014
Our summaryDivestiture-related losses for the Automotive Experience Electronics business included severance obligations.
Word for word“For the year ended September 30, 2014 , the discontinued operations before income taxes included divestiture-related losses of $80 million comprised of asset and investment impairment charges of $43 million , transaction costs of $27 million and severance obligations of $10 million .” 10-K for 2014
Our summaryCommitted to a significant restructuring plan (2015 Plan) covering Automotive Experience, Building Efficiency, Power Solutions and Corporate, with costs mainly workforce reductions, plant closures and asset impairments.
Word for word“In fiscal 2015, the Company committed to a significant restructuring plan (2015 Plan) and recorded $397 million of restructuring and impairment costs in the consolidated statements of income.” 10-K for 2015
Our summaryFiscal 2014 restructuring plan (2014 Plan) included workforce reductions, plant closures and asset and goodwill impairments.
Word for word“In fiscal 2014, the Company committed to a significant restructuring plan (2014 Plan) and recorded $324 million of restructuring and impairment costs in the consolidated statements of income.” 10-K for 2015
Our summaryFiscal 2013 restructuring plan (2013 Plan) included workforce reductions, plant closures and asset and goodwill impairments.
Word for word“In fiscal 2013, the Company committed to a significant restructuring plan (2013 Plan) and recorded $903 million of restructuring and impairment costs in the consolidated statements of income.” 10-K for 2015
Our summaryFiscal 2014, 2013 and 2015 restructuring plans included workforce reductions across the four businesses, with about 8,000 employees already separated and 5 of 23 planned plant closures completed.
Word for word“The Company's fiscal 2015, 2014, and 2013 restructuring plans included workforce reductions of approximately 13,900 employees ( 8,200 for the Automotive Experience business, 4,700 for the Building Efficiency business, 900 for the Power Solutions business and 100 for Corporate).” 10-K for 2015
Our summaryRecorded a non-cash impairment charge on long-lived assets tied to restructuring and the planned spin-off of the Automotive Experience business.
Word for word“In the fourth quarter of fiscal 2015, the Company concluded it had triggering events requiring assessment of impairment for certain of its long-lived assets in conjunction with its announced restructuring actions and the intention to spin-off the Automotive Experience business.” 10-K for 2015
Our summaryThe company committed to a significant fiscal 2016 restructuring plan covering workforce reductions, plant closures, asset impairments and change-in-control payments across its businesses and Corporate.
Word for word“In fiscal 2016, the Company committed to a significant restructuring plan (2016 Plan) and recorded $535 million of restructuring and impairment costs in the consolidated statements of income, of which $229 million was recorded in the second quarter, $102 million was recorded in the third quarter and $204 million was recorded in the fourth quarter of fiscal 2016.” 10-K for 2016
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-09-30 | $535 million |
Johnson Controls 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 Johnson Controls’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2016-11-23. 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.