Lincoln Electric layoffs, on the record
Every job cut, severance charge and restructuring Lincoln Electric reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 12,000 to approximately 12,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 12,000 | December 31, 2023 |
| 10-K for 2024 | approximately 12,000 | December 31, 2024 |
| 10-K for 2025 | approximately 12,000 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryCompany recorded rationalization and asset impairment net charges in 2023 that were excluded from adjusted figures, including a gain on sale of a property offset by charges within International Welding.
Word for word“2023 reflects a gain on the sale of a property of $36,187, offset by rationalization and asset impairment charges of $24,873 within International Welding.” 10-K for 2023
Our summaryCompany reported 2022 rationalization and asset impairment charges that were primarily related to employee severance, asset disposals and impairments.
Word for word“2022 charges are primarily related to employee severance, gains or losses on the disposal of assets and other related costs and non-cash asset impairment charges.” 10-K for 2023
Our summaryCompany stated it may incur additional restructuring charges and further cost-optimization actions, which could include employee severance costs, in the future.
Word for word“We may incur additional restructuring charges as we continue to contemplate rationalization actions in an effort to optimize our cost structure and may not achieve the anticipated savings and benefits of these actions.” 10-K for 2023
Our summaryCompany disposed of its Russian entity as part of restructuring activities, which fed into 2024 rationalization and asset impairment net charges.
Word for word“2024 excludes Rationalization and asset impairment net charges of $32,960 primarily due to restructuring activities, including the impact of the Company’s disposition of its Russian entity as discussed in Note 7, a loss on asset disposal of $4,950, the amortization of the step up in value of acquired inventories of $250 and pension settlement gain of $413 .” 10-K for 2024
Our summaryCompany recorded 2024 rationalization and asset impairment net charges, excluded from adjusted results.
Word for word“(4) 2024 excludes Rationalization and asset impairment net charges of $18,840, the amortization of step up in value of acquired inventories of $4,776 and pension settlement charges of $4,205 .” 10-K for 2024
Our summaryCompany recorded 2024 rationalization and asset impairment net charges, discussed in Note 7.
Word for word“(6) 2024 excludes Rationalization and asset impairment net charges of $3,955 as discussed in Note 7.” 10-K for 2024
Our summaryCompany terminated a pension plan, settling obligations through lump sum payments and a group annuity purchase.
Word for word“(1) Settlements in 2024 resulting from lump sum pension payments and the purchase of a group annuity contract related to the termination of a pension plan.” 10-K for 2024
Our summaryCompany said it may take further cost structure actions and expects to keep incurring restructuring charges, including employee severance costs.
Word for word“We may incur additional restructuring charges as we continue to contemplate rationalization actions in an effort to optimize our cost structure, and, as a result, we may not achieve the anticipated savings and benefits of these actions.” 10-K for 2024
Our summaryThe company reported net charges for rationalization and asset impairment in 2025, which it excluded from adjusted results.
Word for word“(4) 2025 primarily excludes Rationalization and asset impairment net charges of $9,838 and pension settlement charges of $647 .” 10-K for 2025
Our summaryThe company reported rationalization and asset impairment net charges of $7,293 for 2025 in a second segment or category, excluded from adjusted results.
Word for word“(5) 2025 primarily excludes Rationalization and asset impairment net charges of $7,293, the amortization of the step up in value of acquired inventories of $3,739 and pension settlement charges of $72 .” 10-K for 2025
Our summaryThe company reported rationalization and asset impairment net charges for 2025 in a third category, excluded from adjusted results.
Word for word“(6) 2025 excludes Rationalization and asset impairment net charges of $1,068.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | — | $2.5 million |
| 2017-12-31 | $5.1 million | $3.5 million |
| 2018-12-31 | $31.3 million | $26.9 million |
| 2019-12-31 | $11.7 million | $14.7 million |
| 2020-12-31 | $23.6 million | $18.2 million |
| 2021-12-31 | $10.9 million | $21.5 million |
| 2022-12-31 | $3.7 million | $4.5 million |
| 2023-12-31 | $20.1 million | $7.2 million |
| 2024-12-31 | $35 million | $35.9 million |
| 2025-12-31 | $17.1 million | $24.1 million |
Lincoln Electric 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 Lincoln Electric’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 2026-02-25. 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.