Glaston takes actions to adapt to continued weak demand in Heat Treatment and Automotive & ET - co-operation negotiations in Finnish units initiated, actions in other units continue
Glaston Corporation Inside information 27 October 2020 at 1.05 pmGlaston Corporation initiates co-operation negotiations concerning measures to adapt its operations to lower than expected demand. The co-operation negotiations cover all companies in Finland, and concern both temporary lay-offs and termination of employment contracts. Glaston estimates that the negotiations could lead to the termination of up to 20 employment contracts. The short-time work in Glaston’s Automotive business in Switzerland, implemented in the autumn 2019, continues until further notice and