O-I Glass, Inc. /DE/ (OI): restructuring charge — O-I Glass to close European plant, record ~$50M charge; severance program adds ~$20M

O-I Glass, Inc. /DE/

Plant closure in European segment affecting ~170 employees; charge ~$50M in Q1 2025 for employee separation and other costs.
Severance program and restructuring expected to reduce SG&A in Americas and corporate; charge ~$20M in Q1 2025, all cash.
Actions part of Fit to Win initiative to cut redundant capacity and optimize network; further closures expected in 2025.
Customers of closed plant will be served by other European plants in O-I's network.

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

O-I Glass, Inc. /DE/ announced a restructuring with charges of approximately $50 million affecting European segment (approximately 170 people).

Type: restructuring
Charge: approximately $50 million
Affected area: European segment
Headcount: approximately 170 people

Exact text from the filing

other European plants in the Company’s network. Subject to finalization of certain estimates, the Company expects to record charges associated with this closure of approximately $50 million in the first quarter of 2025, primarily for one-time employee separation benefits and other costs related to the closing (of which approximately $50 million relate to future cash

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Source: SEC EDGAR

accession 0001104659-25-026683

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