Randgold Resources layoffs, on the record
Every job cut, severance charge and restructuring Randgold Resources reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from 4,161 to 1,925.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2015 | 4,161 | year end |
| 20-F for 2017 | 1,925 | — |
Job cuts, severance and restructuring
Our summaryFurther downsizing of the Kibali workforce, following demobilization of most construction laborers in 2014.
Word for word“Although the majority of construction laborers were demobilized during 2014, there was further downsizing of the workforce in 2015 with the number of employees, including contractors, totaling 4,161 by year end.” 20-F for 2015
Our summaryThe company restructured the processing team at one of its mines and stabilized processing in the second half of 2016.
Word for word“Processing, Plant and Engineering Processing Following the team restructuring and processing stabilization in the second half of 2016, the plant steadily improved during 2017 and operated consistently above its design capacity, treating 7.6Mt of ore for the year.” 20-F for 2017
Randgold Resources 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 Randgold Resources’s annual reports (20-F for 2017, 20-F for 2016, 20-F for 2015) and the financial data it files with the SEC, as of 2018-03-29. 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.