Stratrix
On the Record · Manitowoc

Manitowoc layoffs, on the record

Every job cut, severance charge and restructuring Manitowoc reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 4,800 to approximately 4,700.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2023approximately 4,800December 31, 2023
10-K for 2024approximately 4,800December 31, 2024
10-K for 2025approximately 4,700December 31, 2025

Job cuts, severance and restructuring

  1. Our summaryRestructuring expense recorded in 2023, described in the income statement as restructuring (income) expense; the filing gives no layoff count or plan details for it. Cost: 1.3

    Word for word“Restructuring (income) expense 1.3 1.5 ( 1.1 ) Total operating costs and expenses 332.8 457.5 260.7 Operating income (loss) 92.4 ( 93.0 ) 46.5 Other income (expense): Interest expense ( 33.9 ) ( 31.6 ) ( 28.9 ) Amortization of deferred financing fees ( 1.3 ) ( 1.4 ) ( 1.5 ) Other income (expense) — net ( 13.0 ) 5.8 1.0 Total other expense - net ( 48.2 ) ( 27.2 ) ( 29.4 ) Income (loss) before income taxes 44.2 ( 120.2 ) 17.1 Provision for income taxes 5.0 3.4 6.1 Net income (loss) $ 39.2 $ ( 123.6 ) $ 11.0 Per Share Data Basic income (loss) per common share $ 1.12 $ ( 3.51 ) $ 0.32 Diluted income (loss) per share $ 1.09 $ ( 3.51 ) $ 0.31 The accompanying notes are an integral part of these consolidated financial statements. 45 Table of Contents The Manitowoc Company, Inc.” 10-K for 2023

  2. Our summaryThe company recorded restructuring expense in 2024 as shown in its statement of operations.

    Word for word“Restructuring expense 4.6 1.3 1.5 Total operating costs and expenses 323.2 332.8 457.5 Operating income (loss) 51.8 92.4 ( 93.0 ) Other income (expense): Interest expense ( 38.3 ) ( 33.9 ) ( 31.6 ) Amortization of deferred financing fees ( 1.4 ) ( 1.3 ) ( 1.4 ) Other income (expense) — net ( 0.4 ) ( 13.0 ) 5.8 Total other expense — net ( 40.1 ) ( 48.2 ) ( 27.2 ) Income (loss) before income taxes 11.7 44.2 ( 120.2 ) Provision (benefit) for income taxes ( 44.1 ) 5.0 3.4 Net income (loss) $ 55.8 $ 39.2 $ ( 123.6 ) Per Share Data Basic income (loss) per common share $ 1.58 $ 1.12 $ ( 3.51 ) Diluted income (loss) per share $ 1.56 $ 1.09 $ ( 3.51 ) The accompanying notes are an integral part of these consolidated financial statements.” 10-K for 2024
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedRestructuring chargesCash paid for restructuring
2016-12-31$23.4 million$20.8 million
2017-12-31$27.2 million$28.8 million
2018-12-31$12.9 million$15.1 million
2019-12-31$9.8 million$10.9 million
2020-12-31$7 million$6.2 million
2021-12-31−$1.1 million$2.7 million
2022-12-31$1.5 million—
2023-12-31$1.3 million—
2024-12-31$4.6 million—
2025-12-31$4.9 million—

Manitowoc filed 1 restructuring notice (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 Manitowoc’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 2026-02-18. 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.