O-I Glass layoffs, on the record
Every job cut, severance charge and restructuring O-I Glass reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 23,000 to approximately 19,000.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 23,000 | — |
| 10-K for 2024 | approximately 21,000 | — |
| 10-K for 2025 | approximately 19,000 | — |
Job cuts, severance and restructuring
Our summaryThe company implemented several discrete restructuring initiatives in 2023, recording restructuring and other charges, including employee costs such as severance and benefit-related costs.
Word for word“During 2023, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $100 million.” 10-K for 2023
Our summaryThe company announced the permanent closure of its Waco, Texas plant.
Word for word“In addition, the Company announced the permanent closure of its Waco, Texas plant in September 2023 and two additional furnaces at other plants in North America in the fourth quarter of 2023 and will continue to monitor business trends and consider whether any further permanent capacity closures will be necessary in the future to align its business with demand trends.” 10-K for 2023
Our summaryThe company implemented several discrete restructuring initiatives in 2022, recording restructuring and other charges that included employee costs such as severance.
Word for word“During 2022, the Company implemented several discrete restructuring initiatives and recorded restructuring and other charges of $53 million.” 10-K for 2023
Our summaryThe company recorded cash payments for restructuring activities, which increased due to a plant closure in the Americas.
Word for word“Cash payments for restructuring activities increased to $26 million in 2023 from $20 million in 2022 due to higher payments associated with the closure of a plant in the Americas.” 10-K for 2023
Our summaryThe company stated that its ongoing strategic review could lead to restructuring, impairment or other charges in future periods.
Word for word“The review is ongoing and may result in divestitures, corporate transactions or similar actions, and could cause the Company to incur restructuring, impairment, disposal or other related charges in future periods.” 10-K for 2023
Our summaryCompany recorded restructuring and other charges, primarily tied to its Fit to Win program, covering severance, benefit costs, asset write-downs and exit costs.
Word for word“For the year ended December 31, 2024, the Company recorded restructuring and other charges of approximately $206 million to Other expense, net ($204 million) and Equity earnings ($2 million) in the Consolidated Results of Operations, primarily related to the Fit to Win program.” 10-K for 2024
Our summaryCompany recorded restructuring charges in the Americas, Europe and corporate segments for 2024 employee and exit costs.
Word for word“These charges consisted of employee costs, such as severance and benefit-related costs, write-down of assets and other exit costs in the Americas segment ($79 million), Europe segment ($115 million) and Retained corporate costs and other ($14 million).” 10-K for 2024
Our summaryCompany said its Fit to Win program, including reduction in force and furnace closures, is expected to last at least through 2025 and has produced cumulative severance and exit costs since 2024.
Word for word“This program is expected to last at least through 2025.” 10-K for 2024
Our summaryCompany expects additional restructuring charges in future quarters as it assesses reducing redundant production capacity.
Word for word“Additional restructuring charges are expected in future quarters when management completes their assessment to reduce redundant production capacity.” 10-K for 2024
Our summaryCompany reported cash payments for restructuring activities, mainly for the initial phase of Fit to Win.
Word for word“Cash payments for restructuring activities increased to $41 million in 2024 from $26 million in 2023 due to higher payments associated with the initial phase of the Company's Fit to Win program, which will continue into at least 2025.” 10-K for 2024
Our summaryThe company recorded restructuring, asset impairment and other charges in 2025 under its Fit to Win initiative, including employee severance and benefit costs, asset write-downs and other exit costs.
Word for word“For the year ended December 31, 2025, the Company recorded restructuring, asset impairment and other charges of approximately $443 million (which included $117 million related to its decision to halt the MAGMA program) to Other expense, net in the Consolidated Results of Operations, related to the Fit to Win initiative.” 10-K for 2025
Our summaryThe company expects about $50 million of further restructuring charges in 2026 as it assesses how to reduce redundant production capacity and streamline costs.
Word for word“Approximately $50 million of additional restructuring charges are expected in 2026 when management completes their assessment to reduce redundant production capacity and streamline costs.” 10-K for 2025
Our summaryThe company recorded restructuring and other charges in 2024, mainly for the Fit to Win initiative, covering severance and benefit costs, asset write-downs and other exit costs.
Word for word“For the year ended December 31, 2024, the Company recorded restructuring and other charges of approximately $206 million to Other expense, net ($204 million) and Equity earnings ($2 million) in the Consolidated Results of Operations, primarily related to the Fit to Win initiative.” 10-K for 2025
Our summaryThe company decided to halt the MAGMA program and recorded restructuring, asset impairment and other charges in the second quarter of 2025.
Word for word“As a result of the decision to halt the MAGMA program, the Company recorded approximately $104 million of restructuring, asset impairment and other charges in the second quarter of 2025.” 10-K for 2025
Our summaryThe company expects to pay about $150 million in cash for restructuring activities in 2026, after paying $128 million in 2025.
Word for word“The Company estimates that payments for restructuring activities will be approximately $150 million in 2026 and are expected to taper thereafter.” 10-K for 2025
| Fiscal year ended | Cash paid for restructuring |
|---|---|
| 2016-12-31 | $24 million |
| 2017-12-31 | $62 million |
| 2018-12-31 | $32 million |
| 2019-12-31 | $54 million |
| 2020-12-31 | $37 million |
| 2021-12-31 | $30 million |
| 2022-12-31 | $20 million |
| 2023-12-31 | $26 million |
| 2024-12-31 | $41 million |
| 2025-12-31 | $128 million |
O-I Glass filed 5 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from O-I Glass’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.