---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-069118"
form_type: "8-K"
ticker: "RVP"
cik: "0000946563"
company_name: "RETRACTABLE TECHNOLOGIES INC"
filed_at: "2022-06-08T23:59:59+00:00"
generated_at: "2026-06-25T03:46:06.601736+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Retractable Technologies cuts workforce 16%; expects annual savings of $2.1M

## Summary
- Workforce reduced by ~16%, primarily in production, operations, and logistics departments.
- Annualized payroll savings of ~$2.1M (13% of payroll); separation costs ~$200K.
- Reduction due to substantial completion of facility expansion and end of U.S. COVID-19 vaccination orders.
- Company expects to maintain current domestic production level and have enhanced capacity after expansion completion.

## SEC filing metadata
- accession: 0001104659-22-069118
- form_type: 8-K
- ticker: RVP
- cik: 0000946563
- company_name: RETRACTABLE TECHNOLOGIES INC
- filed_at: 2022-06-08T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946563/000110465922069118/0001104659-22-069118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946563/000110465922069118/tm2217895d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-069118
- JSON: https://secwatch.observer/filing/0001104659-22-069118.json
- Plain text: https://secwatch.observer/filing/0001104659-22-069118.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.