O-I to move European HQ

Container glass leader O-I will move its European headquarters to Bussigny, a suburb of the Swiss city of Lausanne, said Francis Sermet of the Vaud cantonal authorities on 3 May 2005, confirming media…

Container glass leader O-I will move its European headquarters to Bussigny, a suburb of the Swiss city of Lausanne, said Francis Sermet of the Vaud cantonal authorities on 3 May 2005, confirming media reports. O-I plans to run its European research and development (R&D), production and sales and marketing activities from Bussigny. It will also set up a services centre for its European businesses, providing mainly accounting services. In the next few years Owens-Illinois will create 200 jobs in Bussigny, Sermet said. Ninety percent of the staff will be recruited locally. For 2004 Owens-Illinois posted sales of USD 6.3 billion (EUR 4.9 billion).