Spectra Energy Partners layoffs, on the record
Every job cut, severance charge and restructuring Spectra Energy Partners reported in its annual reports, 2015 to 2017, quoted from the filings. Headcount went from approximately 2,400 to approximately 2,100.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2015 | approximately 2,400 | December 31, 2015 |
| 10-K for 2016 | approximately 2,500 | December 31, 2016 |
| 10-K for 2017 | approximately 2,100 | December 31, 2017 |
Job cuts, severance and restructuring
Our summaryOther segment operating expenses rose, with merger-related severance costs accounting for $38 million of the increase.
Word for word“The $45 million increase reflects $38 million from merger-related severance costs, with the remainder related to higher allocated shared service and governance costs.” 10-K for 2017
Our summaryOperating expenses in one comparison rose by $34 million mainly because of merger-related severance costs.
Word for word“a $34 million increase primarily due to merger-related severance costs.” 10-K for 2017
Spectra Energy Partners 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 Spectra Energy Partners’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 2018-02-16. 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.