Brief: Glaston Announces Plan To Reorganize Current Structure

Glaston Oyj Abp

06/06/2023 08:17

June 6 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * REDEFINES ITS ORGANIZATION TO ACCELERATE STRATEGY
EXECUTION AND
ENHANCE CUSTOMER EXPERIENCE
    * ANNOUNCES A PLAN TO REORGANIZE ITS CURRENT STRUCTURE TO
BETTER
SERVE ITS CUSTOMERS IN ARCHITECTURAL, AUTOMOTIVE, DISPLAY AND
SOLAR GLASS PROCESSING MARKETS
    * NEW ORGANIZATION IS PLANNED TO COME INTO EFFECT ON 1
OCTOBER
2023
    * GLASTON'S STRATEGIC FINANCIAL AND NON-FINANCIAL TARGETS
ARE NOT
CHANGED
    * IN NEW STRUCTURE, GLASTON PLANS TO HAVE TWO BUSINESS AREAS
(BA)
THAT ARE FORMED ACCORDING TO ITS CUSTOMERS' END-USE SEGMENTS:
ARCHITECTURE AND MOBILITY, DISPLAY & SOLAR
    * PLANNED STRUCTURAL CHANGES ARE BASED ON GLASTON'S
STRATEGIC
GROWTH PLAN AND ARE NOT EXPECTED TO INCLUDE HEADCOUNT REDUCTIONS

Source text for Eikon:  ID:nWkr5k43b2 
Further company coverage:  GLA1V.HE 

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