UGI layoffs, on the record

Headcount, as reported

Job cuts, severance and restructuring

1. Our summaryThe company recorded a restructuring cost line in fiscal 2022 that was largely attributable to reductions in workforce and related costs. Cost: $21 million

   Word for word“restructuring costs of $21 million largely attributable to reductions in workforce and related costs; (3) $19 million of income tax benefits related to tax law changes; (4) loss on extinguishment of debt of $8 million at UGI International; (5) business transformation expenses of $7 million associated with corporate support functions; (6) $4 million costs associated with exit of our UGI International energy marketing business in the U.K.; (7) external advisory fees of $3 million associated with AmeriGas operations enhancement for growth project; and (8) acquisition and integration expenses of $1 million associated with the Mountaineer Acquisition.” 10-K for 2023

2. Our summaryThe company exited its UGI International energy marketing business, including sale of the U.K. and Belgium operations and wind-down in the Netherlands. Cost: $181 million

   Word for word“(2) $181 million costs associated with exit of our UGI International energy marketing business in Europe, principally reflecting loss on the sale of the energy marketing business located in the U.K. and Belgium and wind-down activities in the Netherlands;” 10-K for 2023

3. Our summaryThe company noted that cost saving measures, restructurings and divestitures may result in workforce reduction, as a general risk statement without a specific program.

   Word for word“Further, any cost saving measures, restructurings and divestitures may result in workforce reduction and consolidation of our facilities.” 10-K for 2023

4. Our summaryUGI recorded restructuring costs largely attributable to a reduction in workforce and related costs, primarily at UGI International, in Fiscal 2024. Cost: restructuring costs of $56 million

   Word for word“(3) restructuring costs of $56 million largely attributable to a reduction in workforce and related costs, primarily at UGI International; (4) a $55 million loss on disposal of UGID; (5) $30 million of impairments associated with equity method investments and certain other assets at UGI International; (6) external advisory fees of $19 million associated with AmeriGas operations enhancement for growth project; and (7) loss on extinguishments of debt of $6 million, primarily at AmeriGas Propane.” 10-K for 2024

5. Our summaryUGI International recorded pre-tax severance and other related expenses under voluntary departure programs (VDPs), which were probable and reasonably estimable.

   Word for word“As of September 30, 2024, the likelihood of termination benefits under VDPs was probable and the amount of such benefits was reasonably estimable.” 10-K for 2024

UGI 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 UGI’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 2025-11-21. 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.