Brief: O-I Glass Inc Says Finalized Its Plans For Closure Of A Furnace In Its Americas Segment

O-I Glass

22/10/2024 22:51

Oct 22 (Reuters) - O-I Glass Inc  OI.N :
    * O-I GLASS INC - FINALIZED ITS PLANS FOR CLOSURE OF A
FURNACE IN
ITS AMERICAS SEGMENT
    * O-I GLASS INC - ADDITIONAL FURNACE CLOSURES AND OTHER
RESTRUCTURING ACTIONS ARE EXPECTED LATER IN 2024
    * O-I GLASS INC - FURNACE CLOSURE IS EXPECTED TO OCCUR ON OR
AFTER
NOVEMBER 18, 2024
    * O-I GLASS INC - INTENDS TO FACILITATE CLOSURE IN A
RESPECTFUL
MANNER FOR APPROXIMATELY 150 PEOPLE IMPACTED
    * O-I GLASS INC - EXPECTS TO RECORD A CHARGE ASSOCIATED WITH
CLOSURE OF ABOUT $39 MILLION IN Q3 OF 2024
    * O-I GLASS INC - CLOSURE IS PART OF CO'S FIT TO WIN
INITIATIVE TO
REDUCE REDUNDANT CAPACITY AND BEGIN TO OPTIMIZE ITS NETWORK

Source text for Eikon:  ID:n0001104659-24-110581 
Further company coverage:  OI.N 

 ((Reuters.Brief@thomsonreuters.com;))