Whitewave Foods layoffs, on the record
Every job cut, severance charge and restructuring Whitewave Foods reported in its annual reports, 2014 to 2016, quoted from the filings. Headcount went from approximately 4,500 to approximately 5,800.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2014 | approximately 4,500 | January 2015 |
| 10-K for 2015 | approximately 5,300 | January 2016 |
| 10-K for 2016 | approximately 5,800 | January 2017 |
Job cuts, severance and restructuring
Our summaryIdaho dairy farm sale: WhiteWave recorded a charge for lease liabilities, severance and related costs tied to the sale.
Word for word“In addition to the impairment charge, we recorded a charge of $3.3 million related to lease liabilities, severance and related costs in connection with the Idaho dairy farm sale.” 10-K for 2014
Our summaryThe lease liability and severance accrual from the Idaho dairy farm sale were fully settled or reversed by December 31, 2014, with severance and related costs of $632 thousand at the start of the year.
Word for word“Liabilities recorded and the changes therein for the year ended December 31, 2014 were as follows: F- 16 Table of Contents Accrued charges at December 31, 2013 Costs paid or otherwise settled Reversal of prior expense Accrued charges at December 31, 2014 (In thousands) Lease liability $ 2,674 $ (2,192 ) $ (482 ) $ — Severance and related costs 632 (598 ) (34 ) — Total $ 3,306 $ (2,790 ) $ (516 ) $ —” 10-K for 2014
Our summarySale of the SoFine business led to termination of its pension plan, with a plan curtailment and settlement recorded in 2014.
Word for word“During 2014, as a result of the sale of the SoFine business, the related pension plan was terminated thereby resulting in a plan curtailment and plan settlement as recorded below.” 10-K for 2014
Our summaryPlan to sell the SoFine operations resulted in a write-down of assets.
Word for word“(3) Includes an additional $3.7 million ( $2.3 million net of tax) non-cash write-down of assets and $3.3 million ( $2.0 million net of tax) charge related to lease liabilities, severance and related cost for the sale of the Idaho dairy farm, as well as, a write-down of $9.8 million related to the plan to sell the operations of SoFine.” 10-K for 2014
Our summaryThe company restructured its management and combined two Americas segments into a single Americas Foods & Beverages segment, with prior-year data recast.
Word for word“In connection with our management restructure that was effective in early 2016, we combined the historical Americas Foods & Beverages and Americas Fresh Foods segments into a single Americas Foods & Beverages segment.” 10-K for 2016
Whitewave Foods 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 Whitewave Foods’s annual reports (10-K for 2016, 10-K for 2015, 10-K for 2014) and the financial data it files with the SEC, as of 2017-02-24. 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.