Operation Negotiations In Finnish Units End

Glaston Oyj Abp

03/04/2020 11:06

April 3 (Reuters) - Glaston Oyj Abp  GLA1V.HE :
    * CO-OPERATION NEGOTIATIONS IN GLASTON'S FINNISH UNITS HAVE
ENDED
    * AS A RESULT, GLASTON WILL TEMPORARY LAYOFF ALL EMPLOYEES,
APPROXIMATELY 180 PEOPLE, IN STAGES DURING 2020
    * TIMING AND EXECUTION OF LAYOFFS ARE REVIEWED
FUNCTION-BY-FUNCTION AND CAN BE AT MOST 90 DAYS PER EMPLOYEE BY
END OF YEAR 2020
    * MEASURES ARE DUE TO INCREASED UNCERTAINTY ON MARKET CAUSED
BY
COVID-19 VIRUS PANDEMIC

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

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