OI S.A. - in Judicial Reorganization layoffs, on the record
Every job cut, severance charge and restructuring OI S.A. - in Judicial Reorganization reported in its annual reports, 2018 to 2020, quoted from the filings. Headcount went from 56,875 to 46,624.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2018 | 56,875 | December 31, 2018 |
| 20-F for 2019 | 58,089 | December 31, 2019 |
| 20-F for 2020 | 46,624 | As of December 31, 2020 |
Job cuts, severance and restructuring
Our summaryThe filing reports the completed restructuring of the RJ Debtors' financial debt under the RJ Plan, which is a debt restructuring rather than a workforce reduction.
Word for word“During 2018, the restructuring of the RJ Debtor’s financial debt in accordance with the applicable terms and conditions set forth in the RJ Plan was concluded.” 20-F for 2019
Our summaryThe company describes restructuring its value-added services into five categories during 2019 as part of its digital transformation; this is a service-portfolio change, not a workforce reduction.
Word for word“In 2019, we continued to accelerate our digital transformation process, which included restructuring our value-added services under the following categories: (1) films and series; (2) education; (3) health; (4) written media; and (5) utilities.” 20-F for 2019
OI S.A. - in Judicial Reorganization 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 OI S.A. - in Judicial Reorganization’s annual reports (20-F for 2020, 20-F for 2019, 20-F for 2018) and the financial data it files with the SEC, as of 2021-05-12. 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.