Schulman A layoffs, on the record
Every job cut, severance charge and restructuring Schulman A reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from approximately 5,000 to approximately 4,900.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | approximately 5,000 | August 31, 2015 |
| 10-K for 2016 | approximately 4,800 | August 31, 2016 |
| 10-K for 2017 | approximately 4,900 | As of August 31, 2017 |
Job cuts, severance and restructuring
Our summaryAnnounced seven restructuring actions to optimize back-office and support functions and consolidate manufacturing footprint, expecting to reduce headcount.
Word for word“During fiscal 2015, the Company announced seven restructuring actions that will further optimize its back-office and support functions as well as consolidate its manufacturing footprint.” 10-K for 2015
Our summaryAnnounced actions to optimize back-office and support functions in EMEA, reducing headcount there.
Word for word“In October 2014, the Company announced actions to optimize the back-office and support functions in EMEA.” 10-K for 2015
Our summaryApproved additional plans to improve manufacturing and SG&A efficiency in the USCAN segment, reducing headcount.
Word for word“In August 2015, the Company approved additional plans to improve manufacturing and SG&A efficiency throughout the USCAN segment.” 10-K for 2015
Our summaryApproved plans to close three manufacturing facilities in Evansville, Indiana and consolidate production into other facilities in the area.
Word for word“In October 2015, the Company approved plans to close three manufacturing facilities in Evansville, Indiana and consolidate production into other existing facilities in the area.” 10-K for 2015
Our summaryRecorded fiscal 2015 restructuring charges, including employee-related costs, in the consolidated restructuring summary.
Word for word“Fiscal 2015 charges 12,711 1,627 — 14,338 Fiscal 2015 payments (8,670 ) (1,537 ) — (10,207 ) Translation — — (560 ) (560 ) Accrual balance as of August 31, 2015 $ 5,786 $ 461 $ (864 ) $ 5,383” 10-K for 2015
Our summaryFiscal 2013 EMEA restructuring plan reduced regional headcount, mostly in fiscal 2013.
Word for word“As part of this restructuring, the EMEA regional team reduced headcount by approximately 45 , of which the majority of the reductions occurred in fiscal 2013.” 10-K for 2015
Our summaryFiscal 2013 restructuring in Mexico and Grand Junction, Tennessee reduced USCAN and LATAM headcount.
Word for word“As part of this restructuring, the Company reduced headcount in USCAN and LATAM by approximately 85 , of which the majority of reductions occurred during fiscal 2013.” 10-K for 2015
Our summaryConsolidated two of three leased Brazil manufacturing facilities, reducing headcount in Brazil, partly offset by new hires.
Word for word“As a result of this consolidation, the Company reduced headcount in Brazil by approximately 55 in fiscal 2013, partially offset by the addition of approximately 35 associates at the Company's new manufacturing facility, including associate transfers and new hires.” 10-K for 2015
Our summaryApproved plans to close three Evansville, Indiana manufacturing facilities and relocate engineered plastics production from Akron, Ohio, as a subsequent event.
Word for word“As part of the Company's previously announced Citadel acquisition integration strategy and a careful evaluation of capacity utilization and manufacturing capabilities, on October 14, 2015 the Company approved plans to close three manufacturing facilities in Evansville, Indiana and consolidate production into other existing facilities in the area.” 10-K for 2015
Our summaryAnnounced fiscal 2016 restructuring actions to optimize back-office and support functions and consolidate manufacturing footprint, expecting to reduce headcount by about 110 and save about $20.2 million annually.
Word for word“During fiscal 2016, the Company announced restructuring actions that will further optimize its back-office and support functions as well as consolidate its manufacturing footprint.” 10-K for 2016
Our summaryApproved a global headcount reduction plan, primarily in USCAN and Corporate, reducing headcount by about 60.
Word for word“The Company reduced headcount by approximately 60 with the majority of the reductions occurring in third quarter of fiscal 2016.” 10-K for 2016
Our summaryApproved plans to optimize Engineered Composites administrative functions, reducing headcount, with pre-tax employee-related restructuring expense recorded.
Word for word“In the second quarter of fiscal 2016, the Company approved plans to optimize the Engineered Composites segment administrative functions and reduced headcount by approximately 10 in fiscal 2016.” 10-K for 2016
Our summaryClosed three manufacturing facilities in Evansville, Indiana and expected to close a fourth by the end of calendar 2016.
Word for word“Additionally, the Company closed three manufacturing facilities in Evansville, Indiana and expects to close a fourth facility by the end of calendar 2016.” 10-K for 2016
Our summaryFiscal 2016 restructuring charges recorded, comprising employee-related costs and other costs.
Word for word“Fiscal 2016 charges 9,009 2,759 — 11,768 Fiscal 2016 payments (10,343 ) (2,818 ) — (13,161 )” 10-K for 2016
Our summaryActions to optimize back-office and support functions in EMEA, reducing headcount.
Word for word“In October 2014, the Company announced actions to optimize the back-office and support functions in EMEA. The Company reduced headcount in EMEA by approximately 40 during fiscal 2015.” 10-K for 2016
Our summaryConsolidated two of three leased manufacturing facilities in Brazil, reducing headcount in Brazil.
Word for word“During fiscal 2013, the Company initiated restructuring activities to consolidate two of its three existing leased manufacturing facilities in Brazil.” 10-K for 2016
Our summaryThe company announced fiscal 2017 restructuring actions to simplify product families, optimize back-office and support functions, and consolidate its manufacturing footprint, cutting headcount and expecting annual savings.
Word for word“The Company reduced headcount by approximately 120 from its fiscal 2017 plans and expects to realize annual savings of approximately $11.0 million .” 10-K for 2017
Our summaryThe company recorded employee-related costs for the fiscal 2017 product family restructuring.
Word for word“The Company recorded $6.6 million of pre-tax employee-related costs during fiscal 2017.” 10-K for 2017
Our summaryThe company approved plans to improve manufacturing and SG&A efficiency in USCAN, reducing headcount.
Word for word“As a result of this restructuring, the Company reduced headcount by approximately 25 .” 10-K for 2017
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-08-31 | $11.8 million | $13.2 million |
| 2017-08-31 | $13.5 million | $14.8 million |
Schulman A 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 Schulman A’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 2017-10-25. 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.