On the Record · WABCO

WABCO layoffs, on the record

Every job cut, severance charge and restructuring WABCO reported in its annual reports, 2017 to 2019, quoted from the filings. Headcount went from 14,631 to 13,911.

Headcount, as reported

Annual report	Employees	As of
10-K for 2017	14,631	—
10-K for 2018	16,135	—
10-K for 2019	13,911	—

Job cuts, severance and restructuring

Our summaryThe company recorded charges for headcount reductions driven by its continued cost optimization efforts, for the years 2017, 2016 and 2015.
Word for word“For the years ended December 31, 2017 , 2016 and 2015 , the Company recorded $5.9 million , $6.8 million and $16.5 million , respectively, related to headcount reductions primarily driven by its continued cost optimization efforts.” 10-K for 2017
Our summaryThe company recorded restructuring charges for footprint relocations, including transferring product lines and business processes to best cost countries such as India and Poland.
Word for word“The Company also recorded restructuring charges of $4.4 million , $3.5 million and $6.6 million for the years ended December 31, 2017 , 2016 and 2015 , respectively, related to footprint relocations including the transfer of certain product lines and business processes to best cost countries including India and Poland.” 10-K for 2017
Our summaryCompany recorded charges for headcount reductions tied to its continued cost optimization efforts. For the years ended December 31, 2018 , 2017 and 2016 · Cost: $8.7 million , $5.9 million and $6.8 million
Word for word“For the years ended December 31, 2018 , 2017 and 2016 , the Company recorded $8.7 million , $5.9 million and $6.8 million , 71 Table of Contents respectively, related to headcount reductions primarily driven by its continued cost optimization efforts.” 10-K for 2018
Our summaryCompany recorded restructuring charges for footprint relocations, including the planned move of its corporate headquarters and transfers of product lines and business processes to India and Poland. For the years ended December 31, 2018 , 2017 and 2016 , respectively · Cost: $3.1 million , $4.4 million and $3.5 million
Word for word“The Company also recorded restructuring charges of $3.1 million , $4.4 million and $3.5 million for the years ended December 31, 2018 , 2017 and 2016 , respectively, related to footprint relocations including the anticipated move of its corporate headquarters and the transfer of certain product lines and business processes to best cost countries including India and Poland.” 10-K for 2018

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Restructuring charges	Cash paid for restructuring
2018-12-31	$14 million	$30.3 million
2019-12-31	$27.7 million	$21 million

WABCO 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 WABCO’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-02-21. 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.