Brief: Glaston Initiates Negotiations Regarding Temporary Layoffs In Finland

Glaston Oyj Abp

20/03/2020 15:47

March 20 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * GLASTON INITIATES EMPLOYEE COOPERATION NEGOTIATIONS
REGARDING
TEMPORARY LAYOFFS IN FINLAND AND TAKES SIMILAR ACTIONS IN OTHER
COUNTRIES
    * POTENTIAL LAYOFFS CONCERN ALL EMPLOYEES IN FINLAND,
APPROXIMATELY 180 PEOPLE
    * NEGOTIATIONS WILL BEGIN ON MARCH 25, 2020 AND WILL LAST
FOR UP
TO TWO WEEKS
    * LAYOFFS ARE PLANNED TO START IMMEDIATELY AFTER CONCLUSION
OF
NEGOTIATIONS
    * TO ACHIEVE NECESSARY LEVEL OF ADJUSTMENT BY USING
TEMPORARY
LAYOFFS OF AT MOST 90 DAYS PER EMPLOYEE
    * NEGOTIATIONS REGARDING SHORT TIME WORK HAVE ALSO BEEN
LAUNCHED
IN COMPANY'S GERMAN AND SWISS UNITS
    * MEASURES ARE DUE TO RAPID CHANGES IN BUSINESS ENVIRONMENT
CAUSED
BY COVID-19 VIRUS

Source text for Eikon:  ID:nWkr3CqTYw 
Further company coverage:  GLA1V.HE 

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