Stratrix
On the Record · Sinopec Shanghai Petrochemical

Sinopec Shanghai Petrochemical layoffs, on the record

Every job cut, severance charge and restructuring Sinopec Shanghai Petrochemical reported in its annual reports, 2020 to 2022, quoted from the filings. Headcount went from 8,466 to 8,007.

Headcount, as reported

Annual reportEmployeesAs of
20-F for 20208,466December 31, 2020
20-F for 20218,466January 1, 2021
20-F for 20228,007December 31, 2022

Job cuts, severance and restructuring

  1. Our summaryThe company terminated employment with 412 persons, including retired and voluntary leave, during 2020, equal to 4.64% of employees at January 1, 2020. During 2020 · Affected: 412 persons

    Word for word“During 2020, we terminated employment with 412 persons (including the retired and voluntary leave), accounting for 4.64% of 8,878 employees we had as of January 1, 2020.” 20-F for 2020

  2. Our summaryThe company's accounting policy recognizes restructuring provisions that comprise lease termination penalties and employee termination payments.

    Word for word“Restructuring provisions comprise lease termination penalties and employee termination payments.” 20-F for 2020

  3. Our summaryThe company terminated employment with 236 persons during 2021, including retired and voluntary leave cases. During 2021 · Affected: 236 persons

    Word for word“During 2021, we terminated employment with 236 persons (including the retired and voluntary leave), accounting for 2.79% of 8,466 employees we had as of January 1, 2021.” 20-F for 2021

Sinopec Shanghai Petrochemical 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 Sinopec Shanghai Petrochemical’s annual reports (20-F for 2022, 20-F for 2021, 20-F for 2020) and the financial data it files with the SEC, as of 2023-04-26. 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.