Glaston: employee cooperation negotiations in Finland completed

Glaston Corporation“s statutory employer-employee negotiations under the Act of Co-Determination within Undertakings in Finland (YT negotiations) initiated on 29 October 2009, have been concluded. As…

Glaston Corporation“s statutory employer-employee negotiations under the Act of Co-Determination within Undertakings in Finland (YT negotiations) initiated on 29 October 2009, have been concluded. As a result of the negotiation process, 50 employees will be laid off, the majority of whom white-collar employees. Additionally, the temporary lay-offs will continue in 2010. As a principal rule the personnel reductions will commence immediately, and at latest by the end of 2009. Glaston has ongoing efficiency measures in all units. The largest adjustment measures are focused in Italy, where negotiations regarding a reduction of 167 jobs are under way. Personnel reductions will take place in several units and the maximum number of jobs to be reduced is around 400.