Owens-Illinois

Maker of glass and plastic packaging.

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Headquarters:
One Seagate
Toledo, OH 43666
Employees: 28,700
CEO: Steven McCracken
Stock Symbol: OI

Website: http://www.o-i.com

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Owens-Illinois is one of the world's leading manufacturers of glass and plastic packaging products, with operations in North America, South America, Europe, Asia and Australia.

The company supplies containers and other packaging items for a wide variety of food, beverage, beer, health care, household, personal care, wine and liquor, and drug and chemical products. About 50% of the world's glass containers are manufactured by Owens-Illinois and its licensees. The company also manufacturers plastic and glass for prescription drugs and plastic multipack carriers for beverage bottles.

O-I is the largest user of recycled glass containers in the country.

In the U.S., Owens-Illinois has over 70 research and manufacturing facilities. The company employs 13,000 hourly and 3,000 salaried employees in 28 states.

In 2004, O-I reported revenues of $6.2 billion and net earnings of $235.5 million.

History

In 1888, a young glass blower named Michael Joseph Owens went to work for the New England Glass Company at their Toledo, OH, plant. Fifteen years later, in 1903, he invented the first automatic bottle-making machine, the most significant development in glassmaking since the invention of the blowpipe more than 2,000 years ago. The Owens machine, which led to formation of the Owens Bottle Company that same year, literally revolutionized the glass industry. It also laid the groundwork for future technology innovations.

In 1929 Owens merged with Illinois Glass Company to form Owens-Illinois Glass Company. In 1965, the corporate name was changed to Owens-Illinois, Inc. (O-I) to reflect the company's broader scope of operations - including its successful entry in the manufacture of plastics packaging.

Benefits

- Comprehensive medical and hospitalization coverage for employees and eligible dependents. A choice of plans is available at most locations. Coverage is effective on the 31st day of employment.
- Dental care, including orthodontia
- Life Insurance
- Accidental Death & Dismemberment Insurance
- Sick leave and disability plans
- A base Company contribution to the Stock Purchase and Savings 401k Plan.

- Paid vacations based on length of service:
1 - 4 Years - 10 days
5 - 7 Years- 12 days
8 - 14 Years - 15 days
15 - 17 Years - 20 days
18 - 24 Years - 23 days
25 or more Years - 25 days

· 12 paid holidays per year (includes two personal holidays).
· A Stock Purchase and Savings 401K Plan with a Company match provision.
· Health Care and Dependent Care Reimbursement Accounts that provide tax savings on out-of-pocket expenses.
· An Educational Assistance Program that provides tuition reimbursement for approved courses. Twelve months of service is required.
· A Career Opportunity Program that provides career development opportunities. Job openings are posted at each location.
· An Employee Assistance Program that provides confidential assistance to employees and dependents experiencing personal/life problems.

Updated September 17, 2005

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