Novelis layoffs, on the record
Every job cut, severance charge and restructuring Novelis reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 13,190 to approximately 12,750.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 13,190 | — |
| 10-K for 2025 | approximately 13,250 | — |
| 10-K for 2026 | approximately 12,750 | — |
Job cuts, severance and restructuring
Our summaryClosed the Clayton, New Jersey, plant, with restructuring charges recorded in the current period.
Word for word“This primarily relates to the Company's closure of the Clayton, New Jersey, plant in December 2023, which resulted in charges for restructuring activities of $25 million in the current period.” 10-K for 2024
Our summaryReorganization activities tied to closing certain outdated equipment at the Richmond plant in North America.
Word for word“This primarily relates to charges for reorganization activities of $21 million resulting from the closure of certain outdated equipment at our Richmond plant in North America.” 10-K for 2024
Our summaryClosure of the Buckhannon, West Virginia plant, with restructuring charges and a write-off of previously capitalized costs, reported within restructuring and impairment, net for fiscal 2025.
Word for word“This primarily relates to the Company's closure of the Buckhannon, West Virginia plant in June 2024, which resulted in charges for restructuring activities of $21 million in the current period, as well as a charge of $17 million to write off previously capitalized costs.” 10-K for 2025
Our summaryClosure of the Clayton, New Jersey plant, which resulted in restructuring charges in fiscal 2024.
Word for word“This primarily relates to the Company's closure of the Clayton, New Jersey, plant in December 2023, which resulted in charges for restructuring activities of $25 million in the period.” 10-K for 2025
Our summaryMulti-year cost efficiency program with a target of approximately $300 million in annualized savings by the end of fiscal 2028, with employee-related restructuring expenses recognized in fiscal 2025.
Word for word“This is a multi-year cost efficiency goal, with a target to achieve approximately $300 million in annualized savings by the end of fiscal 2028.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2017-03-31 | $8 million | $13 million |
| 2018-03-31 | $28 million | $7 million |
| 2019-03-31 | $2 million | $16 million |
| 2020-03-31 | $37 million | $5 million |
| 2021-03-31 | $28 million | $28 million |
| 2022-03-31 | — | $21 million |
| 2023-03-31 | — | $4 million |
| 2024-03-31 | — | $9 million |
| 2025-03-31 | $19 million | $13 million |
| 2026-03-31 | — | $67 million |
Novelis 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 Novelis’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-05-19. 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.