O-I France Proposes Strategic Business Transformation

Core Insights - The glass market in France is facing significant challenges due to a slowdown in the wine market, overcapacity, and strong competition, prompting the company to consider actions for long-term competitiveness [1][2] Strategic Initiatives - The company has launched a strategic initiative called "Fit to Win" aimed at ensuring long-term sustainability and improving operational agility and flexibility to enhance the competitiveness of glass [2] - An information and consultation process has been initiated with European and French employee representatives regarding potential operational adjustments at various plants, including the possible cessation of production at one furnace in Vayres and the potential closure of the Vergèze plant [3] Investment Plans - The company is contemplating a multi-million Euro investment in its French plants as part of its 2025 capital plan, which is expected to support the development of glass usage and strengthen its position in France [4] Employment Impact - The potential actions under consideration could affect approximately 320 positions, including vacant, created, and eliminated roles, with a commitment to transparency and responsibility towards impacted employees [5] Company Overview - O-I Glass, Inc. is a leading global producer of glass bottles and jars, achieving revenues of $6.5 billion in 2024, and operates 69 plants across 19 countries with a workforce of approximately 21,000 [6]