Hyster-Yale announces restructuring with $21M charge, 575 layoffs

Q: When will Hyster-Yale pay the restructuring-related cash costs?

Hyster-Yale expects payments to commence in the fourth quarter of 2025, with the remaining amounts paid in 2026.

Q: Did Hyster-Yale issue a press release about the restructuring?

Yes. Hyster-Yale issued a press release dated November 19, 2025 , which is furnished as Exhibit 99 to the report.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Hyster-Yale, Inc. announced that its Board of Directors approved a restructuring plan on November 13, 2025, aimed at advancing its cost reduction initiatives in response to current economic and industry dynamics. As part of this plan, the company will reduce its global workforce by approximately 575 employees.

Hyster-Yale expects to record pre-tax charges of approximately $21 million in the fourth quarter of 2025, primarily related to severance and associated employee benefits, with all of these costs to be paid in cash. These cash payments are expected to begin in the fourth quarter of 2025, with the remaining amounts to be paid during 2026. The company also furnished a press release dated November 19, 2025, as an exhibit.

Positive

None.

Negative

Workforce reduction and restructuring charge: Hyster-Yale plans to cut approximately 575 global employees and record about $21 million of pre-tax, cash severance and benefit charges in Q4 2025, with remaining payments extending into 2026.

Insights

Hyster-Yale will cut 575 jobs and book a $21M Q4 2025 cash charge.

Hyster-Yale has approved a restructuring plan to further its cost reduction initiatives in light of current economic and industry conditions. The plan includes reducing its global workforce by approximately 575 employees, indicating a meaningful operational streamlining effort across the business.

The company expects to record pre-tax charges of about $21 million in the fourth quarter of 2025, consisting of severance and related benefit costs, all to be settled in cash. Payments will start in Q4 2025 with the balance paid in 2026, which concentrates the earnings impact in the near term while spreading the cash outflow over two periods.

The filing also notes a press release issued on November 19, 2025 providing further public communication of the plan. The restructuring may help align Hyster-Yale’s cost structure with current demand trends, but the immediate effects are a workforce reduction and a notable one-time charge against earnings.

8-K Event Classification

3 items: 2.05, 7.01, 9.01

3 items

Item 2.05 Costs Associated with Exit or Disposal Activities Financial

The company committed to an exit plan involving layoffs, facility closures, or restructuring charges.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

11/19/2025 - 04:45 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

_______________________________________________________________________________________________________________________________________________________________________________________________________

FORM 8-K


CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):		November 13, 2025

HYSTER-YALE, INC.
(Exact name of registrant as specified in its charter)

Delaware	000-54799	31-1637659
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

5875 Landerbrook Drive, Suite 300
Cleveland	(440)
OH	449-9600	44124-4069
(Address of principal executive offices)	(Registrant's telephone number, including area code)	(Zip code)
	N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock, $0.01 par value per share	HY	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.05 Costs Associated with Exit or Disposal Activities.

On November 13, 2025, the Board of Directors of Hyster-Yale, Inc. (the "Company") approved a restructuring plan that furthers progress toward the Company's cost reduction initiatives in response to current economic and industry dynamics. This action will reduce the Company's global workforce by approximately 575 employees.

The Company expects to record pre-tax charges in the fourth quarter of 2025 of approximately $21 million consisting of severance and related benefit costs, all of which are expected to be paid in cash. These payments are expected to commence in the fourth quarter of 2025, with the balance to be paid in 2026.

Item 7.01 Regulation FD Disclosure.

On November 19, 2025, the Company issued a press release, a copy of which is attached as Exhibit 99 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K, including Exhibit 99, is furnished pursuant to Item 7.01 of Form 8-K and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly stated by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

As described in Item 7.01 of this Current Report on Form 8-K, the following Exhibit is furnished as part of this Current Report on Form 8-K.


(d) Exhibits

99						Hyster-Yale, Inc. press release dated November 19, 2025.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



Date:	November 19, 2025		HYSTER-YALE, INC.

		By:	/s/ Suzanne Schulze Taylor
			Name: Suzanne Schulze Taylor
			Title: Senior Vice President, General Counsel and Secretary

Source: View Original Filing on SEC EDGAR

FAQ

What restructuring action did Hyster-Yale (HY) announce?

Hyster-Yale's Board approved a restructuring plan on November 13, 2025 to advance its cost reduction initiatives in response to current economic and industry dynamics.

How many jobs will be cut under Hyster-Yale's restructuring plan?

The restructuring plan will reduce Hyster-Yale's global workforce by approximately 575 employees.

What financial impact will the restructuring have on Hyster-Yale (HY)?

Hyster-Yale expects to record pre-tax charges of approximately $21 million in the fourth quarter of 2025, primarily for severance and related benefit costs.

Will Hyster-Yale's restructuring charges be paid in cash?

Yes. The estimated $21 million of pre-tax restructuring charges consist of severance and related benefit costs that are all expected to be paid in cash.

Did Hyster-Yale issue a press release about the restructuring?

Yes. Hyster-Yale issued a press release dated November 19, 2025, which is furnished as Exhibit 99 to the report.