secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2024-09-04T23:59:59+00:00
Accession:  0001104659-24-096616
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465924096616/0001104659-24-096616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465924096616/tm2423277d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-096616

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer