other material
confidence high
sentiment neutral
materiality 0.55
O-I Glass to close furnace, record ~$39M charge in Q3 2024 as part of Fit to Win
O-I Glass, Inc. /DE/
- Charge of ~$39M: $24M asset impairment and $15M employee separation costs (~$10M cash).
- Closure of Americas segment furnace affecting ~150 employees; expected on or after Nov 18, 2024.
- Additional furnace closures and restructuring actions expected later in 2024 under Fit to Win.
- Customers of closed plant to be served by other domestic O-I Glass plants.