Glaston’s glass processing subsidiary initiates employee co-operation negotiations

On 15 January 2009, the Glaston Corporation subsidiary Tamglass Glass Processing Ltd will initiate statutory employer-employee negotiations under the Act on Co-Determination within Undertakings (YT negotiations) in respect of the adjustment of architectural glass operations to the present market situation.Architectural glass operations currently employ around 110 people in Tampere and Lempäälä.

Details of the impact of the adjustment plan on personnel will be announced when negotiations with personnel representatives have been completed.

In Tamglass Glass Processing’s employee co-operation negotiations that ended on 10 September 2008 it was decided that the glass processing unit closes its working machine and special automotive glass business.

Glaston Corporation

Glaston Corporation is a growing, international glass technology company. Glaston is the global market leader in glass processing machines, and a comprehensive One-Stop-Partner supplier to its customers. Its product range and service network are the widest 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 glass industry software.

Glaston’s own glass processing unit, Tamglass Glass Processing, is a local Finnish manufacturer of high quality safety glass products.

Glaston’s share (GLA1V) is listed on the NASDAQ OMX Helsinki Mid Cap List.

600450 Glaston’s glass processing subsidiary initiates employee co-operation negotiations
Date: 16 January 2009
Source: Glaston

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