PLY GEM layoffs, on the record
Every job cut, severance charge and restructuring PLY GEM reported in its annual reports, 2015 to 2017, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | 8,669 | December 31, 2015 |
| 10-K for 2016 | 8,975 | December 31, 2016 |
| 10-K for 2017 | 9,471 full-time employees | December 31, 2017 |
Job cuts, severance and restructuring
Our summaryCompany recorded a restructuring and integration charge tied to consolidating two Gienow manufacturing facilities into one, with about $1.4 million included in SG&A.
Word for word“These restructuring and integration expenses arose due to the consolidation of two manufacturing facilities into a single facility during the year ended December 31, 2014.” 10-K for 2015
Our summaryCompany eliminated one-time restructuring and integration costs from the Western Canada business integration that had been incurred in the prior year, lowering SG&A.
Word for word“and from the elimination of $3.6 million of one-time restructuring and integration costs related to the integration of our Western Canadian businesses that occurred during the year ended December 31, 2014.” 10-K for 2015
Our summaryCompany recorded an asset impairment charge tied to restructuring and integration of Gienow and Ply Gem Canada operations.
Word for word“During the year ended December 31, 2013, the Company incurred an asset impairment charge of $1.4 million related to the restructuring and integration of the Gienow and Ply Gem Canada operations.” 10-K for 2015
Our summaryCompany made cash payments for restructuring and integration programs in Western Canada, back office centralization and product simplification.
Word for word“During the years ended December 31, 2015 , 2014 and 2013 , the Company made approximately $1.6 million , $5.0 million , and $3.6 million in cash payments for restructuring and integration efforts, respectively.” 10-K for 2015
Our summaryLower severance expense at the U.S. repair and remodeling window business in 2016 compared with 2015, reducing SG&A.
Word for word“Specifically, our U.S. window repair and remodeling business incurred lower severance expenses of $1.3 million during the year ended December 31, 2016 compared to the year ended December 31, 2015.” 10-K for 2016
Our summaryLower restructuring and integration charges and personnel costs at the Canadian window business after combining Western Canadian manufacturing facilities into a single Alberta location in 2015.
Word for word“Our Canadian window business experienced lower restructuring and integration charges of $2.2 million, as well as lower personnel costs of $1.7 million during the year ended December 31, 2016 compared to the year ended December 31, 2015 due to the economic slowdown with lower demand levels as well as integration activities that occurred during 2015 finalizing our combination of our Western Canadian manufacturing facilities into a single location in Alberta.” 10-K for 2016
Our summaryCash payments made for restructuring and integration programs in Western Canada, back office centralization and product simplification.
Word for word“During the years ended December 31, 2016 , 2015 and 2014 , the Company made approximately $0.5 million , $1.6 million , and $5.0 million in cash payments for restructuring and integration efforts, respectively.” 10-K for 2016
Our summaryThe company paid cash for restructuring and integration programs in Western Canada, back office centralization and product simplification.
Word for word“During the years ended December 31, 2017 , 2016 and 2015 , the Company made approximately $1.0 million , $0.5 million , and $1.6 million in cash payments for restructuring and integration efforts, respectively.” 10-K for 2017
PLY GEM 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 PLY GEM’s annual reports (10-K for 2017, 10-K for 2016, 10-K for 2015) and the financial data it files with the SEC, as of 2018-03-05. 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.