Metallus layoffs, on the record
Every job cut, severance charge and restructuring Metallus reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 1,840 to approximately 1,865.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 1,840 | December 31, 2023 |
| 10-K for 2024 | approximately 1,880 | December 31, 2024 |
| 10-K for 2025 | approximately 1,865 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company states there were no restructuring charges in 2023, after numerous organizational changes made over several years.
Word for word“There were no restructuring charges for the year ended December 31, 2023.” 10-K for 2023
Our summaryThe company reports restructuring charges in 2022 and 2021, primarily for severance and employee-related benefits from continued organizational changes.
Word for word“Restructuring charges for the years ended December 31, 2022, and 2021 totaled $ 0.8 million and $ 6.7 million, respectively.” 10-K for 2023
Our summaryThe company reports Company-wide organizational actions, including restructuring of business support functions and reduction of management layers, to improve its cost structure.
Word for word“These Company-wide actions included the restructuring of its business support functions, the reduct ion of management layers throughout the organization and other domestic and international actions to further improve the Company's overall cost structure.” 10-K for 2023
Our summaryThe company reports closing its TimkenSteel Material Services facility in Houston and selling its assets.
Word for word“During the first quarter of 2020, management completed its previously announced plan to close the Company's TimkenSteel Material Services ("TMS") facility in Houston and began selling the assets at the facility.” 10-K for 2023
Our summaryThe company offered an exit incentive program to certain retirement-eligible employees at its headquarters and manufacturing facilities and recorded a restructuring reserve, mostly for severance and employee-related benefits.
Word for word“During the third quarter of 2025, the Company offered an exit incentive program to certain retirement-eligible employees at the Company's corporate headquarters and manufacturing facilities to support succession planning and continue execution of the Company's sustainable profitable growth strategy.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | — | $300,000 | $2.5 million |
| 2017-12-31 | — | $0 | $100,000 |
| 2018-12-31 | — | $0 | — |
| 2019-12-31 | — | $8.6 million | $2.6 million |
| 2020-12-31 | — | $3.1 million | $7.6 million |
| 2021-12-31 | $6.4 million | $6.7 million | $3.5 million |
| 2022-12-31 | — | $800,000 | $5 million |
| 2023-12-31 | — | $0 | $500,000 |
| 2024-12-31 | — | $0 | — |
| 2025-12-31 | — | $2.7 million | $100,000 |
Metallus 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 Metallus’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 2026-02-20. 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.