Glaston adjusts its operations in Finland

GLASTON CORPORATION      Stock Exchange Release    3 March, 2009 at 10:00 a.m.  

Glaston adjusts its operations in Finland                                       

Today, on 3 March 2009, Glaston Finland Oy has initiated negotiations in        
accordance with the Act on Co-operation within Undertakings, on adjusting the   
operations of its Heat Treatment business area to the prevailing market         
situation, because the adjustment measures agreed in late 2008 were insufficient
in light of the orders received during recent months.                           

The entire personnel of Glaston Finland are in the sphere of the negotiations,  
except its service business, totalling approximately 200 persons. The additional
temporary lay-off requirement is estimated at 10 weeks, and redundancies for    
maximum 10 employees are estimated. The final level of the programme will be    
determined in negotiations with personnel representatives.                      

Glaston Finland Oy's previous employer -employee co-operation negotiations were 
completed in December 2008. As a result of these negotiations, the company      
decided to temporary lay off its entire personnel for a period of 4 to 8 weeks  
during the winter and spring of 2009. Sales, service and product development    
personnel were unaffected by the temporary lay-offs.  Currently, the employment 
contracts of 14 persons have been  terminated due to production and financial   

Co-operation negotiations within Glaston's glass processing unit, Tamglass Glass
Processing, will be completed on Thursday, 5 March 2009, and their results will 
be communicated during the same day.                                            

Presently, Glaston employs approximately 1,500 staff, of which some 400 work in 

For further information, please contact:                                        
Glaston Corporation, Mika Seitovirta, CEO & President                           
Tel. +358 (0)10 500 500                                                         

Submitted by:                                                                   
Glaston Corporation                                                             
Agneta Selroos                                                                  
Corporate Communications and IR Manager                                         
Tel. +358 (0)10 500 6105                                                        

Glaston Corporation                                                             
Glaston Corporation is a growing and global glass technology group. As the      
leading supplier of glass processing machines in the world and a                
One-Stop-Partner for glass processors, its product range and service network are
the most extensive 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 software solutions.                               

Glaston's own glass processing unit, Tamglass Glass Processing, is a            
manufacturer of high quality safety glass products, and operates in Finland.    

Glaston's share (GLA1V) is quoted on the Mid Cap list of the NASDAQ OMX         


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