Employee co-operation negotiations at Glaston's glass processing subsidiary completed

GLASTON CORPORATION  Stock Exchange Release     23 September 2009 at 14.45      
Employee co-operation negotiations at Glaston's glass processing subsidiary     
completed   
                                                                    
Co-operation negotiations on stopping the solar energy glass manufacturing      
operations of Tamglass Glass Processing, a subsidiary of Glaston Corporation,   
have been concluded.                                                            
As a result, Tamglass Glass Processing's entire personnel, 16 persons, will be  
lay-offed for the time being starting from the end of October/beginning of      
November.                                                                       
The production stop at Akaa does not affect Glaston Corporation's manufacturing 
and product development of products aimed at the manufacture of solar energy    
glass.                                                                          


For further information, please contact:                                        
Timo Rautarinta, Managing Director,                                             
Tamglass Glass Processing, Phone +358 10 500 510                                

Sender:                                                                         
Glaston Corporation                                                             
Agneta Selroos                                                                  
IR and Corporate Communications                                                 
Manager                                                                         
Tel. +358 (0)40 7453 737                                                        


Glaston Corporation                                                             
Glaston Corporation is a growing, international glass technology company.       
Glaston is the global market leader in glass processing machines, and a         
comprehensive One-Stop-Partner supplier to its customers. Its product range and 
service network are the widest in the industry. Glaston's well-known brands are 
Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety 
glass machines, and Albat+Wirsam in glass industry software.                    

Glaston's share (GLA1V) is listed on the NASDAQ OMX Helsinki Mid Cap List.      

Distribution: OMX, media, www.glaston.net

Subscribe

Documents & Links