---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-037542"
form_type: "8-K"
ticker: "RVP"
cik: "0000946563"
company_name: "RETRACTABLE TECHNOLOGIES INC"
filed_at: "2023-03-28T23:59:59+00:00"
generated_at: "2026-06-17T14:11:06.052040+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Retractable Technologies cuts workforce 22%, expects $1.7M annual savings

## Summary
- Workforce reduced by approximately 22%, mainly in production, operations, and logistics.
- Annualized payroll savings of ~$1.7M (13% of payroll); separation costs ~$154K.
- Company states it will maintain current domestic production levels after the reduction.

## SEC filing metadata
- accession: 0001104659-23-037542
- form_type: 8-K
- ticker: RVP
- cik: 0000946563
- company_name: RETRACTABLE TECHNOLOGIES INC
- filed_at: 2023-03-28T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/946563/000110465923037542/0001104659-23-037542-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/946563/000110465923037542/tm2310690d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-037542
- JSON: https://secwatch.observer/filing/0001104659-23-037542.json
- Plain text: https://secwatch.observer/filing/0001104659-23-037542.txt

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