PGT Innovations layoffs, on the record
Every job cut, severance charge and restructuring PGT Innovations reported in its annual reports, 2022 to 2023, quoted from the filings. Headcount went from approximately 5,300 to approximately 5,600.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2022 | approximately 5,300 | January 1, 2022 |
| 10-K for 2022 | approximately 5,500 | December 31, 2022 |
| 10-K for 2023 | approximately 5,600 | As of the end of 2023 |
Job cuts, severance and restructuring
Our summaryManagement approved a plan to consolidate Florida manufacturing by exiting the Orlando facility and moving its products to Venice and Tampa plants; production at Orlando ceased.
Word for word“As a result of this consolidation, we recorded restructuring costs and charges totaling $ 4.2 million in the year ended January 2, 2021.” 10-K for 2022
Our summaryManagement approved a plan to exit the North Carolina market for the NewSouth brand and closed its showrooms in Raleigh-Durham and Charlotte, which led to net restructuring costs.
Word for word“During the second quarter of 2023, the Company’s management approved a plan to exit the North Carolina market relating to its NewSouth brand.” 10-K for 2023
| Fiscal year ended | Restructuring charges |
|---|---|
| 2021-01-02 | $4.2 million |
| 2023-12-30 | $1.7 million |
PGT Innovations filed 1 restructuring notice (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 PGT Innovations’s annual reports (10-K for 2023, 10-K for 2022, 10-K for 2022) and the financial data it files with the SEC, as of 2024-02-23. 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.