O-I Glass reports $52 million third-quarter loss

Perrysburg-based O-I Glass lost $52 million before taxes in the third quarter of 2024, a period that was marked by substantial layoffs, at least one plant closure, six planned furnace shutdowns, the shuttering of the company’s Perrysburg innovation center, and the termination of the company’s “people and culture” leader. The loss contrasts the $82 million in earnings the company reported for the previous year's third quarter and is indicative of a challenging time for the industry.