Glaston’s cooperation negotiations completed

Date: 15 December 2020
Source: glaston.net
Glaston’s cooperation negotiations completed
Photo source
glaston.net

Date: 15 December 2020

As a result of the negotiations, the company will terminate a maximum of six (6) employment relationships.

Glaston Corporation’s cooperation (YT) negotiations concerning possible temporary lay-offs and termination of employment relationships in companies in Finland were completed today. As a result of the negotiations, the company will terminate a maximum of six (6) employment relationships. The impact on personnel is lower than estimated; at the start of the negotiations, the reduction requirement was estimated at 20 employment relationships. In addition, the negotiations have identified the need for temporary lay-offs in the period January–June 2021. 

The temporary lay-offs are planned to be implemented on a function basis, taking into account workload in the first quarter. Thereafter, the need for lay-offs will be reviewed on a monthly basis.

Short-time work in Glaston’s Automotive business in Switzerland, introduced in autumn 2019, will continue until further notice, and measures in other units will be implemented according to the level of demand.

The above measures will yield estimated cost-savings of approximately EUR 1.2 million, of which permanent savings will amount to approximately EUR 0.9 million. Underlying the consolidation measures is weak demand in the Heat Treatment and Automotive & ET segments during 2020.

600450 Glaston’s cooperation negotiations completed glassonweb.com

See more news about:

Others also read

British Glass is pleased to announce the appointment of Dean Butler, UK Business Development Director at Ardagh Group, as its new President.
FTI is proud to support the third edition of Performance-Based Façade Design (PBFD), taking place in Venice, Italy, from September 11–13, 2025.
Glaston ScreenMax glass bending furnace was installed at Finn Lamex in Finland in 2024.
Glass Futures will today (25th June 2025) mark a major milestone by lighting its cutting-edge furnace for the first time.
Registration is now open for the FGIA Insulating Glass Fabricators Workshop, which will be held September 16-18 at the Intertek testing facility in Fridley, MN.
Glaston has made two appointments to the Executive Leadership Team (ELT) of Glaston Corporation. The new ELT members will both be reporting to President and CEO Miika Äppelqvist.

Add new comment

From industry

NEWS RELATED PRODUCTS

Glaston Corporation
Glaston Corporation
Glaston Corporation