Union Carbide layoffs, on the record
Every job cut, severance charge and restructuring Union Carbide reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryUnion Carbide began a 2023 restructuring program with workforce cost reductions and manufacturing asset rationalization to improve structural costs.
Word for word“In the first quarter of 2023, the Corporation initiated restructuring actions to achieve its structural cost improvement initiatives in response to the continued economic impact from the global recessionary environment and to enhance its agility and long-term competitiveness across the economic cycle.” 10-K for 2023
Our summaryThe restructuring charges were split between severance and related benefit costs and asset write-downs and write-offs.
Word for word“The charges consisted of severance and related benefit costs of $ 12 million and asset write-downs and write-offs of $ 2 million.” 10-K for 2023
Our summaryThe company paid part of the severance costs and still held an accrued liability for the remainder at year end.
Word for word“The Corporation paid $ 10 million for severance and related benefit costs through December 31, 2023.” 10-K for 2023
Our summaryThe company expects the 2023 restructuring actions to be substantially complete by the end of 2024 and expects further employee-related costs, including involuntary termination benefits.
Word for word“These actions are expected to be substantially complete by the end of 2024.” 10-K for 2023
Our summaryThe company rationalized its manufacturing assets under the 2023 program, writing them down to zero and recording an impairment charge.
Word for word“The manufacturing assets associated with this plan, classified as Level 3 measurements and valued using unobservable inputs, were written down to zero and the Corporation recorded an impairment charge of $ 2 million, which was included in "Restructuring and asset related charges - net" in the consolidated statements of income.” 10-K for 2023
Our summaryUnion Carbide started a 2023 restructuring program with workforce cost reductions and manufacturing asset rationalization, recording pretax restructuring charges that included severance and related benefit costs.
Word for word“As a result of these actions, the Corporation recorded pretax restructuring charges of $ 14 million, included in "Restructuring and asset related charges - net" in the consolidated statements of income.” 10-K for 2024
Our summaryIn the first quarter of 2025 the company started targeted cost reduction actions and recorded severance and related benefit charges; the actions were substantially complete by the end of 2025.
Word for word“As a result of these actions, the Corporation recorded pretax restructuring charges of $ 6 million for severance and related benefit costs, included in "Restructuring and asset related charges - net" in the consolidated statements of income.” 10-K for 2025
| Fiscal year ended | Restructuring charges |
|---|---|
| 2016-12-31 | $4 million |
| 2017-12-31 | $74 million |
| 2018-12-31 | $3 million |
| 2019-12-31 | $79 million |
| 2020-12-31 | $15 million |
| 2021-12-31 | $1 million |
| 2022-12-31 | $0 |
| 2023-12-31 | $14 million |
| 2024-12-31 | $0 |
| 2025-12-31 | $6 million |
Union Carbide 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 Union Carbide’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 2026-02-03. 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.