Nippon Steel layoffs, on the record
Every job cut, severance charge and restructuring Nippon Steel reported in its annual reports, 2019, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2019 | 105,796 | March 31, 2019 |
Job cuts, severance and restructuring
Our summaryThe company made Nisshin Steel a wholly owned subsidiary through a share exchange and restructured its stainless steel business in April 2019 by combining the stainless steel sheet and welded stainless steel pipe businesses.
Word for word“Nisshin Steel Co., Ltd. was made a wholly-owned subsidiary in January 2019 through the Share Exchange and the Group’s stainless steel business was restructured in April 2019 by reorganizing and integrating the stainless steel sheet business and the welded stainless steel pipe business of the Group, with the aim of further enhancing the competitiveness of these businesses.” 20-F for 2019
Nippon Steel 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 Nippon Steel’s annual reports (20-F for 2019) and the financial data it files with the SEC, as of 2019-07-16. 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.