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On the Record · Venator Materials

Venator Materials layoffs, on the record

Every job cut, severance charge and restructuring Venator Materials reported in its annual reports, 2020 to 2022, quoted from the filings. Headcount went from approximately 3,700 to approximately 3,500.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2020approximately 3,700December 31, 2020
20-F for 2021approximately 3,500—

Job cuts, severance and restructuring

  1. Our summaryBoard approved a restructuring program at the Duisburg, Germany manufacturing facilities as part of the 2020 Business Improvement Program, with restructuring expense recognized in the fourth quarter. In the fourth quarter of 2020

    Word for word“In the fourth quarter of 2020, our Board of Directors approved a plan to implement a restructuring program at our manufacturing facilities in Duisburg, Germany as part of our 2020 Business Improvement Program.” 10-K for 2020

  2. Our summaryThe company reports restructuring, impairment and plant closing and transition costs, including planned or completed closure of sites such as Pori, Finland, Calais, France and a partial closure in Duisburg, Germany.

    Word for word“We have implemented various restructuring initiatives to improve our operating efficiency, which have included in some instances the planned or completed closure of sites within our manufacturing network, including manufacturing sites in Pori, Finland, Calais, France and a partial closure in Duisburg, Germany.” 20-F for 2021

  3. Our summaryThe company has carried out restructuring initiatives to improve operating efficiency, including planned or completed closures of manufacturing sites in Pori (Finland) and Calais (France) and a partial closure in Duisburg (Germany).

    Word for word“We have implemented various restructuring initiatives to improve our operating efficiency, which have included in some instances the planned or completed closure of sites within our manufacturing network, including manufacturing sites in Pori (Finland), Calais (France) and a partial closure in Duisburg (Germany).” 20-F for 2022
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedRestructuring charges
2016-12-31$25 million
2017-12-31$45 million
2018-12-31$37 million
2019-12-31$5 million

Venator Materials filed 2 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Venator Materials’s annual reports (20-F for 2022, 20-F for 2021, 10-K for 2020) and the financial data it files with the SEC, as of 2023-02-21. 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.