Glaston initiates co-operation negotiations in its Finnish units due to weakening demand in heat treatment equipment – outlook for 2019 remains unchanged

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Glaston Corporation      Inside information          2 October 2019             at 9 am EET
Glaston Corporation initiates co-operation negotiations concerning measures to adapt the Glaston segment’s operations to lower than expected heat treatment equipment demand. The adaptation measures concern all companies in Finland within the Glaston segment. The co-operation negotiations concern both temporary lay-offs and termination of employment contracts. The company estimates that the negotiations could lead to the termination of approximately 20 employment contracts. These measures, in

Source: Glaston initiates co-operation negotiations in its Finnish units due to weakening demand in heat treatment equipment – outlook for 2019 remains unchanged

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