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WIKI ANALYSIS
Owens-Illinois (NYSE:OI) is the world's largest glass bottle manufacturer by revenue. OI's customers are primarily alcoholic
Until the beginning of 2008, the company also had the dubious honor of being one of the worst performing bottle manufacturers, with operating margins consistently below its peers. A combination of debt, rising commodity prices and litigation, led to several years low operating margins and net earnings losses. The company conducted a strategic review of its global profitability and manufacturing footprint in 2007,.....But hey when you run a plant like in Adelaide ran by drug dealing alcoholics that don't want to work , or the work they do is minimal because there personal life is so more important eg safety persons Adrian , that are to busy running to the pub to have a few during lunch breaks in afternoon shifts whilst management is not on shift ,Talk about endangering workers in more than one way idiot, oh yes Im happy you wish to make people pick and chose the danger you led some into , no wonder profits slowly disappear, further more when shifts fail to pick up defects stock has to be re handled is it to hard for quality to honestly be checked , one can expect to be running at a loss once again , any way would hate to single out one goose when there is a whole flock and decided to close or cut back production at 26 furnaces and eliminating more than 3,000 jobs. By doing so, the company hopes to increase profit margins
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