Minerals Technologies layoffs, on the record
Every job cut, severance charge and restructuring Minerals Technologies reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 4,027 to 3,782.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 4,027 | December 31, 2023 |
| 10-K for 2024 | 3,891 | December 31, 2024 |
| 10-K for 2025 | 3,782 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryInitiated a restructuring and cost savings program to streamline the cost structure after the resegmentation, with severance and other costs.
Word for word“In the second quarter of 2023, the Company initiated a restructuring and cost savings program to further streamline our cost structure as a result of organizational efficiencies gained through our recent resegmentation.” 10-K for 2023
Our summaryRecorded severance and other employee costs across the Consumer & Specialties, Engineered Solutions and Corporate segments.
Word for word“Severance and other employee costs Consumer & Specialties $ 0.9 $ — $ 0.4 Engineered Solutions 3.2 — — Corporate 2.8 — — Total severance and other employee costs $ 6.9 $ — $ 0.4 Total restructuring and other items, net $ 78.6 $ — $ 1.1 At December 31, 2023 and 2022, the Company had $ 3.8 million and $ 0 million, respectively, included within other current liabilities within our Consolidated Balance Sheets for cash expenditures needed to satisfy remaining obligations under these reorganization initiatives.” 10-K for 2023
Our summaryRecorded a severance-related and closure charge for the Paper PCC satellite facility at the PCA Corporation mill in Jackson, Alabama.
Word for word“In the third quarter of 2021, PCA Corporation discontinued the use of PCC at their mill in Jackson, Alabama.” 10-K for 2023
Our summaryThe company initiated a restructuring and cost savings program to streamline its cost structure after its 2023 resegmentation, recording severance and other employee costs.
Word for word“In the second quarter of 2023, the Company initiated a restructuring and cost savings program to further streamline our cost structure as a result of organizational efficiencies gained through our 2023 resegmentation.” 10-K for 2024
Our summaryAn incremental charge was recorded for the restructuring and cost savings program.
Word for word“In the third quarter of 2023, an incremental charge of $ 0.3 million was recorded relating to this program.” 10-K for 2024
Our summaryThe company recorded a non-cash impairment of long-lived assets at its Oldco and BVT subsidiaries within the Consumer & Specialties segment.
Word for word“In the third quarter of 2023, the Company recorded a $ 71.7 million non-cash impairment of long-lived assets charge related to its subsidiaries BMI Oldco Inc. (f/k/a Barretts Minerals Inc.) ("Oldco") and Barretts Ventures Texas LLC ("BVT") within the Consumer & Specialties segment.” 10-K for 2024
Our summaryRestructuring severance and other employee costs were recorded across the Consumer & Specialties, Engineered Solutions and Corporate segments in 2023, with none in 2024.
Word for word“Total severance and other employee costs $ — $ 6.9 $ — Total restructuring and other items, net $ — $ 78.6 $ — At December 31, 2024 and 2023, the Company had $ 2.4 million and $ 3.8 million, respectively, included within other current liabilities within our Consolidated Balance Sheets for cash expenditures needed to satisfy remaining obligations under these reorganization initiatives.” 10-K for 2024
Our summaryIn 2025 the company started a cost savings program, mainly through workforce reductions, and recorded severance and related costs.
Word for word“In 2025, the Company initiated a cost savings program, primarily through workforce reductions and recorded a charge of $ 5.5 million for severance and other related costs associated with this program.” 10-K for 2025
Our summaryThe company recorded charges for asset write-downs and other costs tied to consolidating and shutting down facilities in 2025.
Word for word“Additionally, the Company recorded $ 9.5 million of restructuring and other items for the write-down of assets and other charges relating to the consolidation and shutdown of facilities.” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $12.7 million | $28.3 million | $17 million |
| 2017-12-31 | $10.8 million | $15 million | $6.3 million |
| 2018-12-31 | $1.8 million | $2.5 million | $6.6 million |
| 2019-12-31 | $5.7 million | $5.7 million | $3.2 million |
| 2020-12-31 | $500,000 | $300,000 | $1.6 million |
| 2021-12-31 | $400,000 | $1.1 million | $1.5 million |
| 2022-12-31 | $0 | $0 | $700,000 |
| 2023-12-31 | $6.9 million | $6.9 million | $2.8 million |
| 2024-12-31 | $0 | $0 | $1.4 million |
| 2025-12-31 | $10.3 million | $15 million | $3 million |
Minerals Technologies 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 Minerals Technologies’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.