Semiconductor Manufacturing International layoffs, on the record
Every job cut, severance charge and restructuring Semiconductor Manufacturing International reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from 17,967 to 17,826.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2016 | 17,967 | — |
| 20-F for 2017 | 17,826 | — |
Job cuts, severance and restructuring
Our summaryThe filing says economic downturns may lead to restructuring actions and associated expenses, a general risk statement rather than a reported program.
Word for word“Economic downturns may also lead to restructuring actions and associated expenses.” 20-F for 2017
Our summaryThe filing says acquisitions may result in asset impairment or restructuring charges if integration is difficult, a general risk statement with no reported program.
Word for word“Failures or difficulties in integrating the operations of the businesses that we acquire, including their personnel, technology, financial systems, distribution and general business operations and procedures, and supply and other relationships, may affect our ability to increase our revenues and may result in us incurring asset impairment or restructuring charges.” 20-F for 2017
Semiconductor Manufacturing International 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 Semiconductor Manufacturing International’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 2019-04-30. 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.