Westlake Corporation Announces Closure of Pernis Facility in Europe, Impacting 230 Jobs and Incurring EUR 190 Million in Costs

Reuters

06-17

Westlake Corporation Announces Closure of Pernis Facility in Europe, Impacting 230 Jobs and Incurring EUR 190 Million in Costs

Westlake Corporation has announced a significant reorganization plan impacting its operations in Europe, specifically at its Pernis facility in the Netherlands. The company plans to cease operations at the entire facility, which includes allyl chloride, epichlorohydrin, liquid epoxy resin, and bisphenol A units, due to continued business deterioration in the region. This decision follows the mothballing of certain units in July 2024. The closure is expected to incur total pre-tax costs of approximately EUR 190 million, with workforce reductions affecting around 230 employees. Westlake intends to continue serving its customers from its Deer Park, Texas facility. The company is currently in consultations with local works councils and unions, and more detailed financial implications will be disclosed in future SEC filings.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Westlake Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001262823-25-000043), on June 17, 2025, and is solely responsible for the information contained therein.

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While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Westlake Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001262823-25-000043), on June 17, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WLK","symbol_name":"Westlake Chemical Corp","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250617:nNDL1DYcrr:1","article_id":"2544963770","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2544963770","pubTimestamp":1750154511,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Westlake Corporation Announces Closure of Pernis Facility in Europe, Impacting 230 Jobs and Incurring EUR 190 Million in Costs. 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The company plans to cease operations at the entire facility, which includes allyl chloride, epichlorohydrin, liquid epoxy resin, and bisphenol A units, due to continued business deterioration in the region. This decision follows the mothballing of certain units in July 2024. The closure is expected to incur total pre-tax costs of approximately EUR 190 million, with workforce reductions affecting around 230 employees. Westlake intends to continue serving its customers from its Deer Park, Texas facility. The company is currently in consultations with local works councils and unions, and more detailed financial implications will be disclosed in future SEC filings.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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