Silgan layoffs, on the record
Every job cut, severance charge and restructuring Silgan reported in its annual reports, 2023 to 2025, quoted from the filings.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 3,600 salaried and 10,800 hourly employees | As of December 31, 2023 |
| 10-K for 2024 | approximately 4,400 salaried and 12,800 hourly employees | December 31, 2024 |
| 10-K for 2025 | approximately 4,400 salaried and 12,800 hourly employees | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryThe company reports activity in reserves for its rationalization plans, with severance and benefits charged to expense in 2023.
Word for word“Activity in reserves for our rationalization plans was as follows: Employee Severance and Benefits Plant Exit Costs Non-Cash Asset Write-Down Total (Dollars in thousands) Balance as of January 1, 2021 $ 41,005 $ 555 $ — $ 41,560 Charged to expense 8,048 1,882 5,080 15,010 Utilized and currency translation ( 7,963 ) ( 2,280 ) ( 5,080 ) ( 15,323 ) Balance at December 31, 2021 41,090 157 — 41,247 Charged to expense ( 1,657 ) 1,205 74,533 74,081 Utilized and currency translation ( 7,792 ) ( 1,203 ) ( 74,533 ) ( 83,528 ) Balance at December 31, 2022 31,641 159 — 31,800 Charged to expense 12,314 6,175 ( 10,077 ) 8,412 Utilized and currency translation ( 10,400 ) ( 5,869 ) 10,077 ( 6,192 ) Balance at December 31, 2023 $ 33,555 $ 465 $ — $ 34,020 Non-cash asset write-downs were the result of comparing the carrying value of certain production related equipment to their fair value using estimated future discounted cash flows, a Level 3 fair value measurement (see Note 10 for information regarding a Level 3 fair value measurement).” 10-K for 2023
Our summaryThe company reports non-cash asset write-downs tied to its rationalization plans, net of recovered losses of $17.7 million.
Word for word“Non-cash asset write-downs for the year ended December 31, 2023 were net of recovered losses of $ 17.7 million discussed above.” 10-K for 2023
Our summarySilgan recorded activity in reserves for its rationalization plans, including employee severance and benefits, plant exit costs and non-cash asset write-downs, with charges of 59,481 thousand dollars in 2024.
Word for word“Activity in reserves for our rationalization plans was as follows: Employee Severance and Benefits Plant Exit Costs Non-Cash Asset Write-Down Total (Dollars in thousands) Balance as of January 1, 2022 $ 41,090 $ 157 $ — $ 41,247 Charged to expense ( 1,657 ) 1,205 74,533 74,081 Utilized and currency translation ( 7,792 ) ( 1,203 ) ( 74,533 ) ( 83,528 ) Balance at December 31, 2022 31,641 159 — 31,800 Charged to expense 12,314 6,175 ( 10,077 ) 8,412 Utilized and currency translation ( 10,400 ) ( 5,869 ) 10,077 ( 6,192 ) Balance at December 31, 2023 33,555 465 — 34,020 Charged to expense 8,972 20,607 29,902 59,481 Utilized and currency translation ( 13,209 ) ( 21,072 ) ( 29,902 ) ( 64,183 ) Balance at December 31, 2024 $ 29,318 $ — $ — $ 29,318 Non-cash asset write-downs were the result of comparing the carrying value of certain production related equipment to their fair value using estimated future discounted cash flows, a Level 3 fair value measurement (see Note 10 for information regarding a Level 3 fair value measurement).” 10-K for 2024
Silgan 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 Silgan’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-26. 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.