O-I Glass to close four furnaces in Americas; expects ~$20M charge in Q3 2024

O-I Glass, Inc. /DE/

Four furnace closures (including one single-furnace plant) in Americas segment under Fit to Win initiative.
Approximately 200 employees impacted; closures expected within the next six months.
Expects ~$20M pre-tax charge in Q3 2024: $14M asset impairment, $6M severance/other ($5M cash).
Additional furnace closures and restructuring actions expected later in 2024.
CEO & CFO to present at UBS Global Materials Conference on Sept 4, 2024.

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