Navistar International layoffs, on the record
Every job cut, severance charge and restructuring Navistar International reported in its annual reports, 2018 to 2020, quoted from the filings. Headcount went from 14,000 to 12,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2018 | 14,000 | As of October 31, 2018 |
| 10-K for 2020 | 12,100 | October 31, 2020 |
Job cuts, severance and restructuring
Our summaryCompany recorded a restructuring benefit in 2018 from adjustments to restructuring, including completion of Brazil employee separation actions.
Word for word“During 2018, we recognized a benefit of $1 million upon the completion of these separation actions.” 10-K for 2018
Our summaryCompany ceased engine production at its Melrose Park Facility, with severance and pension and OPEB charges recorded in 2017 and production ceasing in May 2018.
Word for word“As a result, in the third quarter of 2017, we recognized charges of $41 million in our Truck segment.” 10-K for 2018
Our summaryCompany initiated cost-reduction actions impacting its workforce in Brazil, with employee separation charges.
Word for word“As a result of these actions, we recognized restructuring charges of $6 million in personnel costs for employee separation and related benefits.” 10-K for 2018
Our summaryCompany recorded employee termination charges under a voluntary separation program and reduction-in-force actions initiated in 2015.
Word for word“During 2015, we initiated new cost-reduction actions, including a reduction-in-force in the U.S. and Brazil.” 10-K for 2018
Our summaryCompany recorded further reduction-in-force charges in Brazil, paid during 2016.
Word for word“In addition, we initiated new cost-reduction actions, including a reduction-in-force in Brazil.” 10-K for 2018
Our summaryThe company recorded net restructuring charges for 2020 from restructuring activity across the organization, partly offset by a benefit from adjustments to previously recorded charges in Global Operations.
Word for word“During 2020 , we recorded net restructuring charges of $ 2 million .” 10-K for 2020
Our summaryThe company stopped production at its Argentina engine facility and began structural cost reductions in Brazil, recording related charges.
Word for word“During 2019, we ceased production at our MWM Motores engine facility in Jesus Maria, Argentina and initiated structural cost reductions in Brazil.” 10-K for 2020
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-10-31 | $10 million | $4 million | $67 million |
| 2017-10-31 | $3 million | $22 million | $13 million |
| 2018-10-31 | −$1 million | $3 million | $10 million |
| 2019-10-31 | $12 million | — | — |
| 2020-10-31 | $2 million | — | — |
Navistar International filed 2 restructuring notices (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 Navistar International’s annual reports (10-K for 2020, 10-K for 2019, 10-K for 2018) and the financial data it files with the SEC, as of 2020-12-17. 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.