Brief: O-I Glass Inc On December 12, Finalized Its Plans For Closure Of Two Furnaces In Its European Segment

O-I Glass

17/12/2024 22:05

Dec 17 (Reuters) - O-I Glass Inc  OI.N :
    * O-I GLASS INC:  ON DECEMBER 12, FINALIZED ITS PLANS FOR
CLOSURE
OF TWO FURNACES IN ITS EUROPEAN SEGMENT
    * O-I GLASS INC: FURNACE CLOSURES EXPECTED ON OR AFTER
JANUARY 15,
2025
    * O-I GLASS INC: EXPECTS $72 MILLION CHARGE FOR FURNACE
CLOSURES
IN Q4 OF 2024
    * O-I GLASS INC: ADDITIONAL FURNACE CLOSURES AND OTHER
RESTRUCTURING ACTIONS ARE EXPECTED IN Q4 OF 2024 AND 2025
    * O-I GLASS INC: INTENDS TO FACILITATE CLOSURE IN A
RESPECTFUL
MANNER FOR ABOUT 100 PEOPLE IMPACTED
    * O-I GLASS INC: ALSO APPROVED A SEVERANCE PROGRAM THAT IS
EXPECTED TO REDUCE FUTURE SELLING, GENERAL & ADMINISTRATIVE
COSTS IN EUROPEAN SEGMENT
    * O-I GLASS INC: EXPECTS $18 MILLION CHARGE FOR SEVERANCE
PROGRAM

Source text:  ID:n0001104659-24-129387 
Further company coverage:  OI.N 

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