Brief: Glaston's Cooperation Negotiations Completed

Glaston Oyj Abp

15/12/2020 10:31

Dec 15 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON'S COOPERATION NEGOTIATIONS COMPLETED
    * NEGOTIATIONS HAVE IDENTIFIED NEED FOR TEMPORARY LAY-OFFS
IN
PERIOD JANUARY-JUNE 2021.
    * COMPANY WILL TERMINATE A MAXIMUM OF SIX (6) EMPLOYMENT
RELATIONSHIPS
    * MEASURES WILL YIELD ESTIMATED COST-SAVINGS OF
APPROXIMATELY EUR
1.2 MILLION,
    * UNDERLYING CONSOLIDATION MEASURES IS WEAK DEMAND IN HEAT
TREATMENT AND AUTOMOTIVE & ET SEGMENTS DURING 2020

Source text for Eikon:  ID:nWkr6SHj2q 
Further company coverage:  GLA1V.HE 

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