07:03 AM EDT, 07/07/2025 (MT Newswires) -- Dow (DOW) said Monday that its board of directors has approved the shutdown of three upstream assets in Europe as well as certain corporate and other assets globally.

The decision comes after the company identified three European assets for action across its operating segments in April.

The company's packaging and specialty plastics ethylene cracker in Bohlen, Germany, and its industrial intermediates and infrastructure Chlor-alkali & vinyl assets in Schkopau, Germany, are expected to shut down in Q4 of 2027.

Meanwhile, the performance materials and coatings basics siloxanes plant in Barry, UK, is anticipated to shut down mid-year 2026.

As a result, the company will record charges ranging from $630 million to $790 million, and about 800 employees will be impacted.

The company said that the closures will right-size its regional capacity and reduce costs.