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

Reuters
18 Dec 2024

Dec 17 (Reuters) - O-I Glass Inc :

* 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: Further company coverage:

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

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