WESTLAKE CORP (WLK): restructuring charge — Westlake plans full closure of Pernis facility; expects EUR 190M pre-tax costs

WESTLAKE CORP

Plans to close entire Pernis facility (AC, ECH, LER, BPA units) in the Netherlands; consultations with works councils started June 13, 2025.
Total pre-tax closure costs estimated at EUR 190M: EUR 30M severance for ~230 employees and EUR 160M environmental/shutdown costs.
Substantially all charges expected in Q2 2025; cash outflows will extend over several years after closure.
Will supply LER and BPA customers from Deer Park, Texas facility after Pernis shutdown.
Previously mothballed AC and ECH units in July 2024; now entire facility cessation anticipated in 2025.

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

WESTLAKE CORP announced a restructuring with charges of approximately EUR 190 million affecting Pernis facility (approximately 230 employees).

Type: restructuring
Charge: approximately EUR 190 million
Affected area: Pernis facility
Headcount: approximately 230 employees

Exact text from the filing

On June 17, 2025, the Company notified the affected employees at the Pernis facility of the Company's plan. The anticipated closure of the entire Pernis facility would take place after the conclusion of the consultations with local works councils and unions. In addition to the previous charges related to the July 2024 mothballing, the Company expects it would incur total pre-tax costs of approximately EUR 190 million related to the closure of the Pernis facility.

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Source: SEC EDGAR

accession 0001262823-25-000043

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