Helsinki, Finland, 2016-08-09 11:45 CEST (GLOBE NEWSWIRE) -- Glaston Corporation Press release 9.8.2016 at 12.45
Glaston planning efficiency measures in Finland
Glaston will initiate consultations with personnel on the possible need for lay-offs and job reductions. The consultations will cover all Glaston personnel in Finland.
The need for personnel redundancies is expected to be approximately 10 people, and the need for lay-offs to be less than 90 days. The possible lay-offs would be implemented during autumn 2016 and spring 2017. The planned measures may also result in changes to employment terms, working tasks and organisational structure.
Further information:
Arto Metsänen, President & CEO, tel. +358 10 500 500
Sasu Koivumäki, Senior Vice President, Machines, Chief Financial Officer, tel. +358 10 500 500
Sender:
Agneta Selroos
Communications Director
Glaston Corporation
Tel. +358 10 500 6105
Glaston Corporation
Glaston is a leading company in glass processing technologies. We provide high-quality heat treatment machines and services for architectural, solar, appliance and automotive applications. We are committed to our customers’ success over the entire lifecycle of our offering. Moreover, we continuously innovate and develop technologies to enable the glass processing industry to reach ever higher standards in quality and safety. Glaston’s shares (GLA1V) are listed on NASDAQ Helsinki Ltd. Further information is available at www.glaston.net