Koppers layoffs, on the record
Every job cut, severance charge and restructuring Koppers reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | 2,082 | — |
Job cuts, severance and restructuring
Our summaryCompany embarked on a global restructuring plan in 2014 in response to excess capacity in coal tar distillation, reducing coal tar distillation facilities to three.
Word for word“In response, we embarked on a global restructuring plan in 2014 and reduced our global number of coal tar distillation facilities to three as of December 31, 2023.” 10-K for 2023
Our summaryRecorded impairment and restructuring charges tied mainly to discontinuing phthalic anhydride production at the Stickney, Illinois facility and a workforce reduction program at selected U.S. locations.
Word for word“Impairment and restructuring charges were $16.9 million in 2024 due primarily to the decision to discontinue phthalic anhydride production at our facility in Stickney, Illinois and our workforce reduction program across selected U.S. locations to streamline operations and reduce costs.” 10-K for 2024
Our summaryDescribed a workforce reduction program that will include voluntary and expected future involuntary employee reductions, with expected severance and related benefit costs.
Word for word“This workforce reduction program will result in the reallocation of people and resources, which will include voluntary and expected future involuntary reductions in employees.” 10-K for 2024
Our summaryRecorded restructuring charges and an accrual under the workforce reduction program.
Word for word“As of December 31, 2024, we recorded restructuring charges and an accrual of $ 4.4 million.” 10-K for 2024
Our summaryRecorded restructuring charges related mainly to accelerated depreciation and asset write-downs from the phthalic anhydride discontinuation.
Word for word“We recorded restructuring charges of $ 7.9 million during the year ended December 31, 2024 related primarily to accelerated depreciation and asset write-down costs.” 10-K for 2024
Our summaryEstimated pre-tax charges for the phthalic anhydride discontinuation through the end of 2026, including retention and severance costs of about $1 million.
Word for word“Estimates of the total pre-tax amount in 2024 and future years for each major type of cost associated with the discontinuation plan are: (i) retention and severance costs of approximately $ 1 million, (ii) accelerated depreciation and asset write-down costs of approximately $ 28 million, and (iii) plant cleaning, waste disposal and demolition costs of approximately $ 22 million to $ 26 million.” 10-K for 2024
Our summaryEmbarked on a global restructuring plan that reduced the number of coal tar distillation facilities to three.
Word for word“In response, we embarked on a global restructuring plan in 2014 and reduced our global number of coal tar distillation facilities to three as of December 31, 2024.” 10-K for 2024
Our summaryThe company decided to stop making phthalic anhydride at its Stickney, Illinois plant, citing large near-term capital needs that could not be economically justified.
Word for word“Phthalic Anhydride Shutdown – In December 2024, we made the decision to discontinue phthalic anhydride production at our facility in Stickney, Illinois.” 10-K for 2025
Our summaryThe company expects total pre-tax charges for the phthalic anhydride shutdown of $50 million to $54 million through the end of 2026, split between non-cash and cash costs.
Word for word“We expect this action to result in pre-tax charges to earnings of $ 50 million to $ 54 million through the end of 2026, approximately $ 28 million of which constitutes non-cash charges and approximately $ 22 million to $ 26 million of which constitutes cash expenditures.” 10-K for 2025
Our summaryThe company committed to a workforce reduction program at select U.S. locations, including voluntary and involuntary reductions, to streamline operations and cut costs; it ended in the fourth quarter of 2025.
Word for word“Workforce Reduction Program – In November 2024, we committed to a workforce reduction program across select U.S. locations, which was intended to streamline operations and reduce costs.” 10-K for 2025
Our summaryThe company expects retention and severance costs of about $1 million as part of the phthalic anhydride discontinuation plan.
Word for word“Estimates of the total cumulative pre-tax amount incurred and to be incurred for each major type of cost associated with the discontinuation plan are: (i) retention and severance costs of approximately $ 1 million, (ii) accelerated depreciation and asset write-down costs of approximately $ 28 million, and (iii) plant cleaning, waste disposal and demolition costs of approximately $ 21 million to $ 25 million.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $2.7 million | $11.7 million |
| 2017-12-31 | $4.7 million | $4.8 million |
| 2018-12-31 | $1.8 million | $11.8 million |
| 2019-12-31 | $3.4 million | $7 million |
| 2020-12-31 | $2.9 million | $1.3 million |
| 2021-12-31 | — | $2.6 million |
Koppers filed 5 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 Koppers’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 2026-02-26. 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.