Stratrix
On the Record · Owens-illinois

Owens-illinois layoffs, on the record

Every job cut, severance charge and restructuring Owens-illinois reported in its annual reports, 2016 to 2018, quoted from the filings. Headcount went from approximately 27,000 to approximately 26,500.

Headcount, as reported

Annual reportEmployeesAs of
10-K for 2016approximately 27,000December 31, 2016
10-K for 2017approximately 26,500December 31, 2017
10-K for 2018approximately 26,500December 31, 2018

Job cuts, severance and restructuring

  1. Our summaryCompany recorded restructuring, asset impairment and other charges, reflecting plant and furnace closures, primarily in Europe and Latin America. During 2016 · Cost: $129 million

    Word for word“During 2016, the Company recorded charges totaling $129 million for restructuring, asset impairment and other charges.” 10-K for 2016

  2. Our summaryCompany recorded 2016 charges for other restructuring actions, primarily plant closures in Latin America, Europe and North America, including employee costs. In 2016 · Cost: $94 million

    Word for word“In 2016, the Company recorded charges of $94 million for other restructuring actions.” 10-K for 2016

  3. Our summaryCompany recorded restructuring, asset impairment and other charges for completed furnace closures, primarily in North America and Latin America. During 2015 · Cost: $80 million

    Word for word“During 2015, the Company recorded charges totaling $80 million for restructuring, asset impairment and other charges.” 10-K for 2016

  4. Our summaryCompany took other restructuring actions, including a plant closure in North America and a plant and furnace closure in Latin America, with employee costs. In 2015 · Cost: $58 million

    Word for word“The Company took certain other restructuring actions and recorded charges in 2015 of $58 million.” 10-K for 2016

  5. Our summaryCompany recorded restructuring, asset impairment and other charges for completed and planned furnace closures in Europe and Asia Pacific. During 2014 · Cost: $91 million

    Word for word“During 2014, the Company recorded charges totaling $91 million for restructuring, asset impairment and other charges.” 10-K for 2016

  6. Our summaryCompany took other restructuring actions in 2014 for employee costs tied to global headcount reduction initiatives. In 2014 · Cost: $2 million

    Word for word“In 2014, the Company took certain other restructuring actions and recorded charges of $2 million for employee costs related to global headcount reduction initiatives.” 10-K for 2016

  7. Our summaryCompany's Asia Pacific restructuring plan recorded charges for employee costs, asset write-downs and pension charges tied to furnace closures. 2016, 2015 and 2014 · Cost: $4 million, $5 million and $73 million

    Word for word“As part of this plan, the Company recorded charges of $4 million, $5 million and $73 million for the years ended 2016, 2015 and 2014, respectively, for employee costs, write-down of assets, and pension charges related to furnace closures and additional restructuring activities.” 10-K for 2016

  8. Our summaryCompany recorded restructuring, asset impairment and other charges, mainly plant and furnace closures primarily in Latin America and Europe, with $72 million for plant and furnace closures. During 2017

    Word for word“During 2017, the Company recorded charges totaling $77 million for restructuring, asset impairment and other charges.” 10-K for 2017

  9. Our summaryCompany implemented a number of minor restructuring initiatives, with employee costs, asset write-downs and exit costs across regions. In 2017 · Cost: restructuring, asset impairment and other charges of $72 million

    Word for word“In 2017, the Company implemented a number of minor restructuring initiatives and recorded restructuring, asset impairment and other charges of $72 million.” 10-K for 2017

  10. Our summaryThe company recorded restructuring, asset impairment and other charges for 2018, mostly for plant and furnace closures in the Americas. During 2018 · Cost: $102 million

    Word for word“During 2018, the Company recorded charges totaling $102 million for restructuring, asset impairment and other charges.” 10-K for 2018

  11. Our summaryThe company carried out several separate restructuring initiatives in 2018, mainly plant and furnace closures in the Americas, with charges for employee costs, asset write-downs and exit costs. In 2018 · Cost: $92 million

    Word for word“In 2018, the Company implemented several discrete restructuring initiatives and recorded restructuring, asset impairment and other charges of $92 million.” 10-K for 2018
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for restructuring
2016-12-31$24 million
2017-12-31$62 million
2018-12-31$32 million

Owens-illinois has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.

Read from Owens-illinois’s annual reports (10-K for 2018, 10-K for 2017, 10-K for 2016) and the financial data it files with the SEC, as of 2019-02-14. 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.