nVent Electric layoffs, on the record
Every job cut, severance charge and restructuring nVent Electric reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 11,300 to approximately 12,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 11,300 | As of December 31, 2023 |
| 10-K for 2024 | approximately 12,100 | As of December 31, 2024 |
| 10-K for 2025 | approximately 12,000 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summarynVent ran restructuring initiatives in 2023 that reduced hourly and salaried headcount by about 155 employees, aimed at cutting its fixed cost structure and realigning the business.
Word for word“Restructuring initiatives during the years ended December 31, 2023, 2022 and 2021 included a reduction in hourly and salaried headcount of approximately 155 , 80 and 85 employees, respectively.” 10-K for 2023
Our summaryThe company reported severance and related costs within its restructuring costs, which were recorded in selling, general and administrative expense.
Word for word“Restructuring related costs included in Selling, general and administrative in the Consolidated Statements of Operations and Comprehensive Income included costs for severance and other restructuring costs as follows: Years ended December 31 In millions 2023 2022 2021 Severance and related costs $ 7.8 $ 5.2 $ 4.9 Other 5.0 1.2 3.9 Total restructuring costs $ 12.8 $ 6.4 $ 8.8 Other restructuring costs primarily consist of asset impairment and various contract termination costs.” 10-K for 2023
Our summaryRestructuring initiatives aimed at reducing fixed cost structure included a reduction in hourly and salaried headcount in 2024.
Word for word“Restructuring initiatives during the years ended December 31, 2024, 2023 and 2022 included a reduction in hourly and salaried headcount of approximately 125 , 65 and 65 employees, respectively.” 10-K for 2024
Our summaryThe company carried out restructuring initiatives to cut fixed costs and realign the business, reducing hourly and salaried headcount in 2025, 2024 and 2023.
Word for word“Restructuring initiatives during the years ended December 31, 2025, 2024 and 2023 included a reduction in hourly and salaried headcount of approximately 90 , 125 and 65 employees, respectively.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring | Positions eliminated |
|---|---|---|---|---|
| 2016-12-31 | $12.3 million | — | — | — |
| 2017-12-31 | $16.8 million | $16 million | $21.2 million | 250 |
| 2018-12-31 | $7.7 million | $7.3 million | $8.6 million | — |
| 2019-12-31 | $21.9 million | $19.6 million | $13.9 million | — |
| 2020-12-31 | $17.7 million | $15 million | $17.9 million | — |
| 2021-12-31 | $8.8 million | $4.9 million | $9.1 million | — |
| 2022-12-31 | $5.8 million | $5.2 million | $5.2 million | — |
| 2023-12-31 | $3.9 million | $3.3 million | $4.2 million | — |
| 2024-12-31 | $7 million | $4.9 million | $4.3 million | — |
| 2025-12-31 | $7.5 million | $4.8 million | $3.8 million | — |
nVent Electric 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 nVent Electric’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 2026-02-17. 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.