Metaldyne Performance layoffs, on the record
Every job cut, severance charge and restructuring Metaldyne Performance reported in its annual reports, 2014 to 2016, 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 2014 | approximately 12,000 | December 31, 2014 |
| 10-K for 2015 | approximately 12,000 | December 31, 2015 |
| 10-K for 2016 | approximately 12,000 | December 31, 2016 |
Job cuts, severance and restructuring
Our summaryThe company says continued layoffs and other cost reduction actions are planned at its Sandusky facility, which has a union contract negotiation pending.
Word for word“While continued layoffs and other cost reduction actions are planned, we may operate the Sandusky facility for a period of time with losses if we are unable to generate enough new revenue from current or new customers to offset known business attrition and potential wind-down and closure costs.” 10-K for 2015
Our summaryThe company warns that closing the Sandusky facility could bring employee severance, asset disposition and other closure costs, and notes lease payments of about $4 million per year through 2033.
Word for word“For example, the lease term of the Sandusky facility continues to 2033 at approximately $4 million per year in lease payments.” 10-K for 2015
Metaldyne Performance 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 Metaldyne Performance’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 2017-03-06. 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.