O-I Glass Inc Intends To Facilitate Closure In "Respectful Manner" For About 300 People Impacted At Waco Plant; Expects To Record A Charge Associated With Waco Closure Of About $60M In Q3 2023
Portfolio Pulse from Benzinga Newsdesk
O-I Glass Inc plans to close its Waco plant, impacting about 300 employees. The company expects to record a charge of approximately $60 million in Q3 2023 related to the closure.
September 21, 2023 | 8:43 pm
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O-I Glass Inc's planned closure of its Waco plant will impact about 300 employees and result in a $60 million charge in Q3 2023.
The closure of the Waco plant will result in job losses for about 300 employees, which could lead to negative public sentiment and potential labor issues. Additionally, the expected $60 million charge in Q3 2023 could negatively impact the company's financial performance, potentially leading to a decrease in the stock price.
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