Co-operation negotiations in Glaston's Finnish units have ended

Glaston Corporation   Other information disclosed according to the rules of the Exchange   3 April 2020 at 13.00
 

Glaston’s co-operation negotiations concerning temporary layoffs in the company’s units in Finland have ended today. As a result, Glaston will temporary layoff all employees, approximately 180 people, in stages during 2020. The timing and execution of the layoffs are reviewed function-by-function and can be at most 90 days per employee by the end of year 2020.

The measures are due to the increased uncertainty on the market caused by the COVID-19 virus pandemic.

Glaston Corporation

For more information: CFO Päivi Lindqvist, tel. + 358 40 708 5351
VP IR, Communications and Marketing Joséphine Mickwitz, tel. +358 10 500 5070
 

Glaston in brief

Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and appliance industries. The company also supports the development of emerging technologies integrating intelligence to glass.

As of April 2019, Bystronic glass is part of Glaston Group. Together we are committed to providing our clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. We operate globally with manufacturing, services and sales offices in 11 countries. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd.

Distribution: Nasdaq Helsinki Ltd, key media, www.glaston.net.