---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-007129"
form_type: "8-K"
ticker: "TPICQ"
cik: "0001455684"
company_name: "TPI COMPOSITES, INC"
filed_at: "2024-12-31T23:59:59+00:00"
generated_at: "2026-05-28T21:38:13.999238+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TPI Composites announces restructuring in Türkiye, cutting 20% of workforce

## Summary
- Restructuring committed in December 2024 due to lower forecasted 2025 demand for wind blades exported to Europe.
- Reducing headcount at Turkish facilities by approximately 20%.
- Estimated pre-tax charges of $9M to $11M for severance and termination benefits, paid in January 2025.
- Lower demand attributed to hyperinflationary environment in Türkiye as previously disclosed.
- Company intends to exclude restructuring charges from non-GAAP financial measures.

## SEC filing metadata
- accession: 0001171843-24-007129
- form_type: 8-K
- ticker: TPICQ
- cik: 0001455684
- company_name: TPI COMPOSITES, INC
- filed_at: 2024-12-31T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1455684/000117184324007129/0001171843-24-007129-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1455684/000117184324007129/f8k_123124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-007129
- JSON: https://secwatch.observer/filing/0001171843-24-007129.json
- Plain text: https://secwatch.observer/filing/0001171843-24-007129.txt

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