Seaspan layoffs, on the record
Every job cut, severance charge and restructuring Seaspan reported in its annual reports, 2016 to 2018, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2016 | approximately 4,100 seagoing staff serve on the vessels that we manage and approximately 300 staff serve on shore | As of December 31, 2016 |
| 20-F for 2017 | approximately 200 staff serve on shore | As of December 31, 2017 |
Job cuts, severance and restructuring
Our summaryThe company restructured its charter arrangements with one of its top 5 customers and expects a settlement payment approximating the remaining payments due on the existing time charters.
Word for word“During the normal course of business, we restructured our charter arrangements with one of our top 5 customers.” 20-F for 2018
Our summaryThe board approved a restructuring of its committees, combining the compensation committee and the governance and conflicts committee into one committee.
Word for word“On February 22, 2018, our board of directors approved a restructuring of the committees of the board to combine the formerly separate compensation committee and the governance and conflicts committee into a combined compensation and governance committee effective April 27, 2018.” 20-F for 2018
Seaspan 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 Seaspan’s annual reports (20-F for 2018, 20-F for 2017, 20-F for 2016) and the financial data it files with the SEC, as of 2019-03-26. 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.