Co-operation negotiations concerning Glaston's glass processing unit ended

Date: 17 September 2008
Source: Glaston Corporation
As a part of its recovery programme, Glaston Corporation's locally operating glass processing unit Tamglass Glass Processing began, on 30 July 2008, co-operation negotiations which have now ended.

The glass processing unit will close its working machine and special automotive glass business and enhance its building glass business.

At the turn of the year, the operations at the Pihtiputaa unit will end and fixed employment contracts for 17 employees will expire. As the primary adjustment measure in the closing working machine and special automotive glass business, ten employees will be laid off for a period of three months during the winter of 2008-2009. Furthermore, in the effort of redirecting operations, ten employees will be retrained for tasks in the Akaa factory. At this point, the company will not impose any redundancies, but the need for downsizing will be reassessed early in 2009.

With these measures, the glass processing unit estimates to generate cost savings of more than EUR 500,000 as from the beginning of 2009.

600450 Co-operation negotiations concerning Glaston's glass processing unit ended glassonweb.com
Date: 17 September 2008
Source: Glaston Corporation

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