USG layoffs, on the record
Every job cut, severance charge and restructuring USG reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from approximately 6,600 to approximately 7,300.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2016 | approximately 6,600 | December 31, 2016 |
| 10-K for 2017 | approximately 6,800 | As of December 31, 2017 |
| 10-K for 2018 | approximately 7,300 | December 31, 2018 |
Job cuts, severance and restructuring
Our summaryIdled mining operations indefinitely at Little Narrows, Nova Scotia, Canada, recording an impairment charge and severance for terminated employees in the Gypsum segment.
Word for word“In 2016, we indefinitely idled our mining operations in Little Narrows, Nova Scotia, Canada and recorded an impairment charge of long-lived assets of $10 million and severance and other charges of $2 million.” 10-K for 2016
Our summaryIdled mining operations in Little Narrows, Nova Scotia, and recorded severance and other charges for terminating employees there.
Word for word“We also recorded severance and other charges of $2 million for the termination of employees at the Little Narrows location, which are included in "Costs of products sold" on our consolidated statements of income.” 10-K for 2017
USG 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 USG’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-14. 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.