Olin layoffs, on the record
Every job cut, severance charge and restructuring Olin reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 7,326 to 7,849.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 7,326 | December 31, 2023 |
| 10-K for 2024 | 7,676 | December 31, 2024 |
| 10-K for 2025 | 7,849 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryOlin announced it would cease all remaining operations at its Gumi, South Korea facility, reduce epoxy resin capacity at Freeport, TX, and reduce sales and support staffing across Asia.
Word for word“On June 20, 2023, we announced we had made the decision to cease all remaining operations at our Gumi, South Korea facility, reduce epoxy resin capacity at our Freeport, TX facility, and reduce our sales and support staffing across Asia.” 10-K for 2023
Our summaryOlin recorded restructuring charges for 2023 tied to reconfiguring its global Epoxy asset footprint, including equipment write-offs, employee severance, contract termination and facility exit costs.
Word for word“For the year ended December 31, 2023 and 2022, we recorded pretax restructuring charges of $73.4 million and $8.0 million, respectively, for the write-off of equipment and facility costs, employee severance and related benefit costs, contract termination costs and facility exit costs related to these actions.” 10-K for 2023
Our summaryOlin recorded total restructuring charges for 2023 across all plans.
Word for word“Restructuring charges for 2023 were $89.6 million compared to $25.3 million in 2022.” 10-K for 2023
Our summaryOlin expects further restructuring charges under the Epoxy Optimization actions through 2025.
Word for word“We expect to incur additional restructuring charges through 2025 of approximately $25 million related to these actions.” 10-K for 2023
Our summaryOlin recorded charges under other previously disclosed restructuring plans and expects more through 2027.
Word for word“In 2023 and 2022, Olin incurred charges of $16.2 million and $17.3 million, respectively, associated with other previously disclosed restructuring plans.” 10-K for 2023
Our summaryOlin reported that several Epoxy facilities ceased manufacturing operations during 2023 as part of its restructuring activities.
Word for word“As part of our restructuring activities, these facilities ceased manufacturing operations during 2023.” 10-K for 2023
Our summaryAnnounced the permanent closure of the Chlorine 3 manufacturing facility in Freeport, TX, with additional restructuring charges expected through 2030.
Word for word“On December 11, 2024, we announced we had made the decision to permanently close our Chlorine 3 manufacturing facility in Freeport, TX.” 10-K for 2024
Our summaryContinued the Epoxy Optimization Plan to reconfigure the global Epoxy asset footprint through operational cessations, with restructuring charges recorded in 2024 and 2023 and more expected through 2025.
Word for word“In connection with the Epoxy Optimization Plan for the years ended December 31, 2024 and 2023, we recorded pretax restructuring charges of $24.1 million and $73.4 million, respectively.” 10-K for 2024
Our summaryRecorded charges under other previously disclosed restructuring plans, with further charges expected through 2027.
Word for word“In 2024 and 2023, we incurred charges of $9.2 million and $16.2 million, respectively, associated with other previously disclosed restructuring plans.” 10-K for 2024
Our summaryReported total restructuring charges in the consolidated results for 2024 compared with 2023.
Word for word“Restructuring charges for 2024 were $33.3 million compared to $89.6 million in 2023.” 10-K for 2024
Our summaryOlin recorded restructuring charges in 2025 of $33.4 million, compared with $33.3 million in 2024, covering facility exits, contract terminations, and employee severance.
Word for word“Restructuring charges for 2025 were $33.4 million compared to $33.3 million in 2024.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred |
|---|---|---|
| 2016-12-31 | $112.9 million | $106.9 million |
| 2017-12-31 | $37.6 million | $45.2 million |
| 2018-12-31 | $21.9 million | $18.8 million |
| 2019-12-31 | $76.5 million | $81.6 million |
| 2020-12-31 | $9 million | $8.6 million |
| 2021-12-31 | $27.9 million | $19.1 million |
| 2022-12-31 | $25.3 million | $24 million |
| 2023-12-31 | $89.6 million | $75.7 million |
| 2024-12-31 | $33.3 million | $52.5 million |
| 2025-12-31 | $33.4 million | $23.2 million |
Olin filed 7 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 Olin’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 2026-02-20. 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.