RR Donnelley & Sons layoffs, on the record
Every job cut, severance charge and restructuring RR Donnelley & Sons reported in its annual reports, 2019 to 2021, quoted from the filings. Headcount went from 36,400 to approximately 32,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2019 | 36,400 | December 31, 2019 |
| 10-K for 2020 | approximately 33,000 | — |
| 10-K for 2021 | approximately 32,000 | — |
Job cuts, severance and restructuring
Our summaryRecorded net restructuring, impairment and other charges, including employee termination costs, during 2019 tied to a Shenzhen, China facility relocation, facility closures and reorganization of selling, general and administrative functions.
Word for word“For the year ended December 31, 2019, we recorded net restructuring charges of $22.3 million for employee termination costs.” 10-K for 2019
Our summaryRecorded employee termination costs tied to the relocation of a printing facility, facility closures and reorganization of administrative functions, with the liability reserve rolled forward for 2019.
Word for word“These charges primarily relate to the relocation of a printing facility in Shenzhen, China, other announced facility closures in the Business Services segment and the reorganization of selling, general and administrative functions across each segment.” 10-K for 2019
Our summaryRecorded a non-cash goodwill impairment in the logistics reporting unit within the Business Services segment as part of restructuring, impairment and other charges.
Word for word“For the year ended December 31, 2019 , we recorded a non-cash charge of $98.5 million to recognize the impairment of goodwill in the logistics reporting unit within the Business Services segment.” 10-K for 2019
Our summaryRecorded other restructuring charges for environmental matters, lease terminations and other items.
Word for word“Other restructuring charges of $16.6 million for the year ended December 31, 2019 are primarily comprised of environmental matters, lease terminations and other.” 10-K for 2019
Our summaryRecorded charges for multi-employer pension plan withdrawal obligations tied to its decision to withdraw from all such plans.
Word for word“For the year ended December 31, 2019, we also recorded charges of $2.9 million for multi-employer pension plan ("MEPP") withdrawal obligations.” 10-K for 2019
Our summaryRecorded restructuring actions in 2019, 2018 and 2017 including closures of manufacturing facilities and reorganization and consolidation of operations, and stated that further restructuring charges may follow.
Word for word“These restructuring actions included the closures of manufacturing facilities as well as the reorganization and consolidation of certain operations.” 10-K for 2019
Our summaryThe company reports restructuring actions over the past three years, including closures of manufacturing facilities and reorganization and consolidation of certain operations, and says it may take further actions with significant additional restructuring charges.
Word for word“We initiated several restructuring actions during the past three years to further reduce our overall cost structure.” 10-K for 2020
Our summaryThe company recorded higher restructuring, impairment, and other charges, and realized cost savings from prior and current year restructuring activities including reorganization of administrative and support functions across all segments and facility consolidations.
Word for word“During the year ended December 31, 2020, we realized significant cost savings from previous and current year restructuring activities, including the reorganization of administrative and support functions across all segments, facility consolidations, and assets rationalization.” 10-K for 2020
Our summaryThe company said it realized significant cost savings in 2021 from recent and previous restructuring, including reorganizing administrative and support functions in all segments, consolidating several facilities, and rationalizing assets.
Word for word“During the year ended December 31, 2021, we realized significant cost savings from recent and previous restructuring activities including the reorganization of administrative and support functions across all segments, several facility consolidations, and asset rationalization.” 10-K for 2021
Our summaryThe company reported that net restructuring, impairment and other charges fell sharply in 2021 because of lower restructuring activity, facility sale gains and lower LSC pension liability expenses.
Word for word“For the year ended December 31, 2021, net restructuring, impairment and other charges decreased $66.7 million to $33.3 million versus the year ended December 31, 2020.” 10-K for 2021
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $21.9 million | $25.4 million | $21.8 million |
| 2017-12-31 | $23.5 million | $28.3 million | $26.9 million |
| 2018-12-31 | $12.7 million | $31.7 million | $37.8 million |
| 2019-12-31 | $22.2 million | $41.7 million | $42.6 million |
| 2020-12-31 | $32.8 million | $106.6 million | $71.9 million |
| 2021-12-31 | $8.4 million | $41 million | $59.8 million |
RR Donnelley & Sons 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 RR Donnelley & Sons’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-24. 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.