Owens-Illinois offered workers incentives to quit.

In order to slash operating costs by $32 million annually, Toledo, Ohio-based Owens-Illinois Inc. is offering all 2,000 of its salaried administrative employees incentives to quit. The severance offer includes early retirement for workers 55 and older and those aged 50 and over with more than 30 years of service. “If not enough people accept the offer, then there will be involuntary cutbacks,” company spokesman Sam Allen said. Allen said the move was not related to the buyout by Kohlberg Kravis Roberts Inc., which acquired Owens-Illinois for $3.66 billion earlier this month.