Dow to shut three European assets, records $630 million to $790 million in charges
Dow's Board approved restructuring actions on June 30, 2025, including shutting three upstream European assets and certain corporate assets. The company expects charges of $630 million to $790 million in the second quarter of 2025, plus cash payments of about $300 million to $430 million for severance and exit costs over four years.
Key points
- Shutdowns: Böhlen, Germany ethylene cracker (4Q27); Schkopau, Germany chlor-alkali and vinyl assets (4Q27); Barry, U.K. siloxanes plant (mid-2026)
- Charges: $330 million to $360 million in asset write-downs and write-offs; $160 million to $260 million in exit and disposal costs; $140 million to $170 million in severance
- Operating EBITDA uplift of about $200 million targeted, reaching 50% by end-2027 and full delivery by 2029
- About 800 Dow roles will be affected, in addition to the roles covered by the $1 billion cost savings actions announced in January
The filing
Written by AI on Nov 8, 2026, 12:42 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 07, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.