---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-129387"
form_type: "8-K"
ticker: "OI"
cik: "0000812074"
company_name: "O-I Glass, Inc. /DE/"
filed_at: "2024-12-17T23:59:59+00:00"
generated_at: "2026-05-29T02:39:26.559148+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# O-I Glass to close two European furnaces; expects ~$72M Q4 charge for impairment and severance

## Summary
- Closure of two furnaces in European segment under Fit to Win initiative; ~100 employees impacted.
- Expected Q4 2024 charges of ~$72M: $40M asset impairment, $32M severance and other costs (~$24M cash).
- Additional furnace closures and restructuring actions anticipated in Q4 2024 and 2025.
- Separate European SG&A severance program approved; ~$18M Q4 2024 charge, cash paid in first half 2025.
- Furnace closures on or after Jan 15, 2025; affected customers to be served by other O-I plants.

## SEC filing metadata
- accession: 0001104659-24-129387
- form_type: 8-K
- ticker: OI
- cik: 0000812074
- company_name: O-I Glass, Inc. /DE/
- filed_at: 2024-12-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05, 2.06, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812074/000110465924129387/0001104659-24-129387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812074/000110465924129387/tm2431330d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-129387
- JSON: https://secwatch.observer/filing/0001104659-24-129387.json
- Plain text: https://secwatch.observer/filing/0001104659-24-129387.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.