secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001104659-24-110581
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.05, 2.06
LLM model:  deepseek-v4-flash:cloud@v2

O-I Glass to close furnace, record ~$39M charge in Q3 2024 as part of Fit to Win
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465924110581/0001104659-24-110581-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465924110581/tm2426587d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-110581

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