Standard Motor Products layoffs, on the record
Every job cut, severance charge and restructuring Standard Motor Products reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 5,600 to approximately 5,700.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 5,600 | As of December 31, 2024 |
| 10-K for 2025 | approximately 5,700 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryOffered a voluntary retirement incentive package of severance and other benefit enhancements to eligible employees in the United States and Canada, as part of the Separation Program.
Word for word“During the second quarter of 2024 we offered a voluntary retirement incentive package of severance and other benefit enhancements to eligible employees in the United States and Canada as part of our commitment to optimizing our cost structure and providing professional development opportunities to our employees.” 10-K for 2024
Our summaryExpanded the Separation Program to include involuntary separations, with the program expected to be substantially complete by the end of 2027.
Word for word“Restructuring and integration expenses incurred in 2024 relate primarily to the Separation Program announced in the second quarter of 2024, and expanded to encompass involuntary separations in the third quarter of 2024, as part of our commitment to optimizing our cost structure and providing professional development opportunities to our employees.” 10-K for 2024
Our summaryRecorded restructuring and integration expenses in 2024 for workforce reductions, severance and relocation of machinery and equipment.
Word for word“Restructuring and integration expenses in 2024 consist of $7.3 million of costs related to workforce reductions and severance costs, and $0.4 million for the relocation of machinery and equipment ; while 2023 expenses primarily related to the Cost Reduction Initiative consist of $2 million of costs related to workforce reductions and severance costs, and $0.7 million for the relocation of machinery and equipment.” 10-K for 2024
Our summaryThe company recorded restructuring expenses in 2025, mostly to relocate machinery and equipment under its Cost Reduction Initiative begun in 2022, and in 2024 mostly for severance and benefit enhancements under its Separation Program begun in 2024.
Word for word“Restructuring expenses of $2.6 million in 2025, primarily consisted of costs to relocate machinery and equipment within the Cost Reduction Initiative initiated in 2022, as compared to $7.7 million in 2024 which primarily consisted of severance and other benefit enhancements within the Separation Program initiated in 2024 .” 10-K for 2025
| Fiscal year ended | Severance costs | Restructuring charges | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | — | $4 million | $1.5 million |
| 2017-12-31 | — | $6.2 million | $5.7 million |
| 2018-12-31 | — | $4.5 million | $5.2 million |
| 2019-12-31 | — | $2.6 million | $2.1 million |
| 2020-12-31 | — | $464,000 | $371,000 |
| 2021-12-31 | — | $392,000 | $492,000 |
| 2022-12-31 | $600,000 | $1.9 million | $160,000 |
| 2023-12-31 | — | $2.6 million | $2.4 million |
| 2024-12-31 | — | $7.7 million | — |
| 2025-12-31 | — | $2.6 million | — |
Standard Motor Products filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Standard Motor Products’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.