Thor Industries layoffs, on the record
Every job cut, severance charge and restructuring Thor Industries reported in its annual reports, 2024 to 2026, quoted from the filings. Headcount went from approximately 22,300 to approximately 19,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2024 | approximately 22,300 | July 31, 2024 |
| 10-K for 2025 | approximately 20,900 | July 31, 2025 |
| 10-K for 2026 | approximately 19,500 | At July 31, 2026 |
Job cuts, severance and restructuring
Our summaryThe company recorded employee separation costs in its European Recreational Vehicle selling, general and administrative expenses in fiscal 2025.
Word for word“The $8,241 increase in European Recreational Vehicle selling, general and administrative expenses for fiscal 2025 compared to fiscal 2024 was primarily due to a total of $6,686 in employee separation costs and an increase in repurchase and dealer financing costs of $7,033.” 10-K for 2025
Our summaryThe company sold certain production facilities as part of a strategic organizational restructuring of its Heartland towable operations, recording gains on the sales.
Word for word“The increase in other income, net of $31,949 for fiscal 2025 as compared to fiscal 2024 includes an increase of $14,867 in the gain on the sales of property, plant and equipment in fiscal 2025 as compared to fiscal 2024, primarily due to gains on the sales of certain production facilities in fiscal 2025 related to the strategic organizational restructuring of the Heartland towable operations.” 10-K for 2025
Our summaryThe company announced a restructuring of its North American Towable segment, moving certain Heartland brands to Jayco, with workforce reductions, brand rationalization and facility closures, sales or transfers.
Word for word“During the third quarter of fiscal 2025, the Company announced a strategic organizational restructuring within its North American Towable segment to realign certain brands formerly produced by Heartland Recreation Vehicles to Jayco to optimize its enterprise structure.” 10-K for 2026
Our summaryThe company restructured its North American Motorized segment to shrink its footprint and improve labor efficiency, including workforce reductions and closing a facility.
Word for word“During the third and fourth quarter of fiscal 2026, the Company undertook certain restructuring initiatives within its North American Motorized segment to reduce its operational footprint and improve labor efficiencies.” 10-K for 2026
Our summaryThe company ran restructuring initiatives in its European segment across several operating entities, including workforce reductions, brand rationalization and facility closures.
Word for word“During fiscal 2026 and 2025, the Company undertook various restructuring initiatives within its European segment across multiple operating entities to reduce its operational footprint and improve labor efficiencies.” 10-K for 2026
Our summaryThe company restructured departments and management levels in Other & Corporate to cut costs, including workforce reductions and eliminating some management levels.
Word for word“During fiscal 2026 and 2025, the Company restructured various departments and management levels within Other & Corporate to reduce costs and streamline certain functions.” 10-K for 2026
Our summaryEuropean selling, general and administrative expenses rose because of higher employee separation costs tied to plant restructuring.
Word for word“The $21,367 increase in European Recreational Vehicle selling, general and administrative expenses for fiscal 2026 compared to fiscal 2025 was primarily due to an increase of $15,154 in administrative wages and benefits, which included an increase of $13,003 in employee separation costs related to strategic plant restructuring initiatives.” 10-K for 2026
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2025-07-31 | $25.3 million | $15.8 million |
Thor Industries 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 Thor Industries’s annual reports (10-K for 2026, 10-K for 2025, 10-K for 2024) and the financial data it files with the SEC, as of 2026-09-22. 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.