TORM layoffs, on the record
Every job cut, severance charge and restructuring TORM reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from 573 to 607.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2023 | 573 | 2023 |
| 20-F for 2024 | 607 | 2024 |
Job cuts, severance and restructuring
Our summaryThe filing says TORM has implemented restructuring measures in the past, including divesting or closing business activities and reducing its workforce, and may do so again.
Word for word“We have in the past implemented and will potentially continue in the future to implement restructuring measures including divesting or closing down business activities, reducing our workforce and negotiating collective agreements with trade unions.” 20-F for 2023
TORM 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 TORM’s annual reports (20-F for 2025, 20-F for 2024, 20-F 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.