Packaging Corp of America layoffs, on the record
Every job cut, severance charge and restructuring Packaging Corp of America reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 14,900 to approximately 16,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 14,900 | December 31, 2023 |
| 10-K for 2024 | approximately 15,400 | December 31, 2024 |
| 10-K for 2025 | approximately 16,800 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe filing lists a severance, retention, and relocation accrual on the balance sheet, but describes no layoff, workforce reduction, or restructuring program.
Word for word“Severance, retention, and relocation 1.0 1.8 Other 11.9 10.8 Total $ 253.5 $ 263.7 10.” 10-K for 2023
Our summaryThe filing shows a severance, retention, and relocation accrual on the balance sheet, which rose from the prior year; no specific layoff or workforce reduction program is described.
Word for word“Severance, retention, and relocation 3.4 1.0 Environmental liabilities and asset retirement obligations 3.2 4.0 Other 9.9 11.9 Total $ 362.9 $ 253.5 (a) On April 24, 2024, a jury for the remaining DeRidder mill lawsuit that was tried in the U.S. District Court for the Middle District of Louisiana awarded plaintiffs compensatory damages plus interest.” 10-K for 2024
Our summaryThe company restructured the Wallula mill by shutting down part of it and recorded fourth-quarter 2025 expenses that included severance, contract termination and non-cash charges.
Word for word“In the fourth quarter of 2025, we recorded $ 128.0 million of expenses associated with this shut down, which included non-cash impairment and accelerated depreciation charges, charges for contract termination, severance, and other costs.” 10-K for 2025
Our summaryThe company expects total pre-tax restructuring charges for the Wallula mill actions, which were completed in early 2026.
Word for word“These actions, completed earlier in the first quarter of 2026, are estimated to result in approximately $ 205 million of pre-tax restructuring charges.” 10-K for 2025
Packaging Corp of America filed 4 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 Packaging Corp of America’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 2026-02-26. 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.