Westlake to close Pernis, Netherlands, facility; about EUR 190 million in pre-tax costs
Westlake said it began consultations with works councils on June 13, 2025, over ceasing operations at its entire Pernis, Netherlands, facility in 2025, citing continued deterioration of its European business. The company expects total pre-tax closure costs of about EUR 190 million and a further workforce reduction of about 230 employees, with a charge for substantially all of these costs in the second quarter of 2025. Cash outflows will continue for several years after closure, and the amount and timing of some costs remain uncertain, so shareholders face a large near-term charge and continuing spending.
Key points
- Plan to cease operations at the entire Pernis facility in 2025, subject to consultations with works councils and unions; employees were notified on June 17, 2025.
- Expected pre-tax costs of about EUR 190 million: about EUR 30 million for employee severance and separation and about EUR 160 million for environmental remediation and plant shutdown.
- About 230 additional employees expected to be affected by the closure.
- Charge for substantially all costs expected in the second quarter of 2025; Deer Park, Texas will continue supplying LER and BPA customers.
The filing
Written by AI on Nov 8, 2026, 1:17 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 June 17, 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.