Smurfit Westrock plc (SW): restructuring charge — Smurfit Westrock to close two mills, cut 500k tons capacity; expects $287M pre-tax charges

Smurfit Westrock plc

Permanent closure of CRB mill in St. Paul, MN, and discontinuation of production at containerboard mill in Forney, TX; specialty coating at Forney unaffected.
Consultation with German works councils to permanently close two converting facilities in Germany.
Approximately 650 employees in U.S. and Germany impacted; career transition assistance and severance provided.
Pre-tax cash charges of ~$99M ($42M severance, $57M other) and non-cash impairment of ~$188M; $226M recognized in Q2 2025.
Capacity reduction of over 500,000 tons annualized.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

Smurfit Westrock plc announced a restructuring with charges of approximately $99 million affecting U.S. and Germany (Approximately 650 employees).

Type: restructuring
Charge: approximately $99 million
Affected area: U.S. and Germany
Headcount: Approximately 650 employees

Exact text from the filing

The Company expects to incur aggregate (i) pre-tax cash charges of approximately $99 million associated with the Closures, consisting of approximately $42 million in severance payments to former employees and $57 million in other restructuring costs

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3 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

Smurfit Westrock plc filing history →

Source: SEC EDGAR

accession 0001104659-25-042628

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