secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2024-10-16T23:59:59+00:00
Accession:  0001104659-24-109221
Event type: other_material
Sentiment:  negative
Materiality: 0.45
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

O-I Glass approves severance program, expects $21M charge in Q3 2024
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- Charge of ~$21M associated with severance program under Fit to Win initiative.
- Program targets reduction in SG&A costs in Americas segment and corporate costs.
- Majority of charge is cash severance, expected to be paid in Q4 2024.
- Program is part of previously announced Fit to Win cost-saving initiative.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465924109221/0001104659-24-109221-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465924109221/tm2426289d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-109221

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