Finance
Dow to close three European chemical plants, cut 800 jobs
Published by Global Banking & Finance Review®
Posted on July 7, 2025
2 min readLast updated: January 23, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 7, 2025
2 min readLast updated: January 23, 2026
Dow will close three European chemical plants, affecting 800 jobs, as part of a cost-saving strategy to address regional challenges.
(Reuters) -Chemicals company Dow will shut down three upstream plants in Europe and cut around 800 jobs in response to structural challenges in the region, it said on Monday.
The company said the shutdown will remove higher-cost, energy-intensive portions of Dow's portfolio in the region.
An Ethylene cracker in Böhlen, Germany, Chlor-alkali & vinyl (CAV) assets in Schkopau, Germany and a Basics siloxanes plant in Barry, UK will be shut in the next two years.
"Our industry in Europe continues to face difficult market dynamics, as well as an ongoing challenging cost and demand landscape," said CEO Jim Fitterling.
The company said about 800 roles will be impacted as a result of these actions. This in addition to the reduction of about 1,500 Dow roles globally, announced in January as part of a $1 billion cost savings plan due to lackluster demand and margin pressures.
The company had nearly 36,000 employees as of September 2024.
Dow expects Monday's actions to result in an uplift of operating core profit beginning in 2026, ramping to 50% of the about $200 million target by year-end 2027 with full delivery by 2029, and a cash outlay of nearly $500 million over four years.
The shutdown of the assets is expected to begin in mid-2026 and is estimated to be complete by the end of 2027, with potential decommissioning and demolition to continue into 2029 as needed, the company added.
(Reporting by Pooja Menon and Katha Kalia in Bengaluru; Editing by Sahal Muhammed)
Dow is shutting down three plants in Europe due to structural challenges and to remove higher-cost, energy-intensive portions of its portfolio.
Approximately 800 jobs will be impacted as a result of the plant closures, in addition to a prior reduction of about 1,500 roles globally.
The shutdown of the assets is expected to begin in mid-2026 and be completed by the end of 2027, with potential decommissioning continuing into 2029.
Dow anticipates that these actions will lead to an uplift in operating core profit starting in 2026, aiming for a target of about $200 million by year-end 2027.
CEO Jim Fitterling stated that the industry in Europe is facing difficult market dynamics, along with an ongoing challenging cost and demand landscape.
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