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Stock impact report

O-I Glass to close four furnaces, with more to come later this year [Seeking Alpha]

O-I Glass, Inc. (OI) 
Last o-i glass, inc. earnings: 4/28 04:20 pm Check Earnings Report
Company Research Source: Seeking Alpha
segment, with additional furnace closures and other restructuring actions expected before the end of 2024. O-I Glass ( OI ) said the closures are part of its previously communicated Fit to Win initiative to reduce redundant capacity and begin to optimize its network. The closures are expected to occur within the next six months, and affect ~200 employees. The company said expects to record ~$20M in related charges in Q3, including $14M for impairment of plant-related assets, such as furnaces and machinery. Recommended For You More Trending News Recommended For You More Trending News About OI Stock Related Stocks Trending Analysis Trending News Show less Read more
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