Terex layoffs, on the record
Every job cut, severance charge and restructuring Terex reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 10,200 to approximately 11,400.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 10,200 | As of December 31, 2023 |
| 10-K for 2024 | approximately 11,400 | As of December 31, 2024 |
Job cuts, severance and restructuring
Our summaryMaterials Processing is cutting costs through factory and other layoffs, plus reduced work schedules.
Word for word“MP is continuing to take actions to reduce cost, including factory and other layoffs, reduced work schedules and other cost reduction initiatives.” 10-K for 2024
Our summarySelling, general and administrative expenses rose in 2024 partly because of higher severance costs.
Word for word“SG&A expenses for the year ended December 31, 2024 increased $2 million when compared to 2023 primarily due to higher severance costs, technology expenses and a prior year facility sale gain, partially offset by lower compensation cost.” 10-K for 2024
Our summaryThe company reports that higher restructuring and integration costs, along with cost reduction actions in Aerials and MP, affected 2025 results.
Word for word“SG&A expenses for the year ended December 31, 2025 increased $34 million when compared to 2024, primarily due to additional compensation costs related to the recently acquired ESG business, a one-time litigation related charge and higher restructuring and integration costs, partially offset by gain on the sale of the tower and rough terrain cranes businesses within MP and cost reductions within Aerials and MP.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Restructuring costs incurred | Cash paid for restructuring |
|---|---|---|---|
| 2016-12-31 | $70.9 million | $81.1 million | $4.7 million |
| 2017-12-31 | — | −$9.7 million | — |
| 2018-12-31 | — | −$2.5 million | — |
Terex 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 Terex’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 2026-02-13. 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.