Park Ohio Industries layoffs, on the record
Every job cut, severance charge and restructuring Park Ohio Industries reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 6,300 to approximately 6,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 6,300 | As of December 31, 2023 |
| 10-K for 2024 | approximately 6,300 | December 31, 2024 |
| 10-K for 2025 | approximately 6,300 | December 31, 2025 |
Job cuts, severance and restructuring
Our summaryRecorded restructuring and other special charges, mainly plant closure and consolidation activities including severance, in the Assembly Components and Engineered Products segments.
Word for word“During 2023, the Company recorded restructuring and other special charges of $6.6 million compared to $17.3 million in 2022.” 10-K for 2023
Our summaryIncurred plant closure and consolidation expenses in Assembly Components and Engineered Products, split into facility-related costs and severance.
Word for word“2023: Assembly Components $ 0.5 $ — $ 0.5 Engineered Products 2.7 1.9 4.6 Total $ 3.2 $ 1.9 $ 5.1 2022: Assembly Components $ 5.6 $ — $ 5.6 Engineered Products 8.2 0.2 8.4 Total $ 13.8 $ 0.2 $ 14.0 2021: Assembly Components $ 3.8 $ — $ 3.8 Engineered Products 10.8 0.9 11.7 Total $ 14.6 $ 0.9 $ 15.5” 10-K for 2023
Our summaryClosed and consolidated extrusion operations in Tennessee and fuel operations in Michigan, relocated production to lower-cost facilities, and took other cost-reduction actions in Assembly Components.
Word for word“The actions in the Assembly Components segment were primarily in connection with actions taken to close and consolidate its extrusion operations in Tennessee and its fuel operations in Michigan, to relocate certain production to lower-cost facilities with open capacity, and to complete other cost-reduction actions.” 10-K for 2023
Our summaryTook plant closure and consolidation of multiple locations and other cost-reduction actions in the Engineered Products segment.
Word for word“The actions in the Engineered Product segment were primarily in connection with plant closure and consolidation of multiple locations, and to complete other cost-reduction actions in this segment.” 10-K for 2023
Our summaryThe company recorded restructuring and other special charges tied mainly to plant closure and consolidation activities in its Assembly Components and Engineered Products segments.
Word for word“During 2024, the Company recorded restructuring and other special charges of $4.9 million compared to $6.6 million in 2023.” 10-K for 2024
Our summaryThe company consolidated an Assembly Components facility and closed an Engineered Products operation in Ohio.
Word for word“During 2024, the Company consolidated an Assembly Components facility and closed an Engineered Products operation in Ohio.” 10-K for 2024
Our summaryThe company recorded facility closure and severance costs in its Engineered Products and Assembly Components segments, with the 2024 breakdown shown in a table.
Word for word“In addition, restructuring and other special charges were $3.6 million in 2024 and $4.9 million in 2023.” 10-K for 2024
Our summaryThe company recorded restructuring and other special charges, mainly for plant closures and consolidations and other initiatives across its business segments.
Word for word“During 2025, the Company recorded restructuring and other special charges of $6.4 million compared to $4.9 million in 2024.” 10-K for 2025
Our summaryThe company took plant closure and consolidation actions in the Engineered Products segment, including a facility in Ohio, plus other cost-reduction actions.
Word for word“The actions in the Engineered Product segment were primarily in connection with plant closure and consolidation of a facility in Ohio, and to complete other cost-reduction actions in this segment.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2020-12-31 | $6.3 million |
| 2021-12-31 | $15.5 million |
| 2022-12-31 | $14 million |
| 2023-12-31 | $5.1 million |
| 2024-12-31 | $5.1 million |
Park Ohio Industries 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 Park Ohio Industries’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 2026-03-05. 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.