Yingli Green Energy Holding layoffs, on the record
Every job cut, severance charge and restructuring Yingli Green Energy Holding reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from 10,625 to 7,141.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 20-F for 2016 | 10,625 | — |
| 20-F for 2017 | 9,217 | — |
| 20-F for 2018 | 7,141 | — |
Job cuts, severance and restructuring
Our summaryThe company is restructuring its overseas business and disposing of its downstream PV development business in Europe, Africa, and other markets outside of China to focus on module sales.
Word for word“In addition, given our current situation, we are currently in the process of restructuring our overseas business and disposing our downstream development business in Europe, Africa, and other markets outside of China with the aim of focusing on module sales.” 20-F for 2016
Our summaryThe company is restructuring its business in Europe to focus on module sales.
Word for word“In addition, we are currently in the process of restructuring our business in Europe in order to focus on module sales.” 20-F for 2016
Our summaryIn 2017 the company completed a restructure of its European sales network and set up a new European headquarters in Madrid, Spain.
Word for word“In addition, in 2017, we completed the restructure of sales network in Europe and reset up our European headquarters in Madrid, Spain.” 20-F for 2017
Yingli Green Energy Holding 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 Yingli Green Energy Holding’s annual reports (20-F for 2018, 20-F for 2017, 20-F for 2016) and the financial data it files with the SEC, as of 2019-04-30. 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.