Glaston Corporation Press release 9 April 2025 at 10:10 EEST
As communicated in Glaston’s Financial Statements Release on 14 February, 2025, Glaston expects the glass processing equipment markets to remain soft in 2025. The prevailing market situation, especially in the architectural market, does not show signs of significant recovery for this year.
To ensure that the company has the right set-up to serve its customers even more efficiently in the prevailing market situation, Glaston plans to adjust its organization and ways of working to increase efficiencies and speed up decision-making. Therefore, Glaston will initiate change negotiations concerning its functions in Finland, in order to address the planned adjustment measures.
Glaston estimates that the negotiations could lead to the termination of less than 10 employment contracts. The planned measures may also result in changes to employment terms and working tasks. At the end of 2024, Glaston Group employed 817 persons, of which approximately 210 in Finland.
For further information:
Miika Äppelqvist, Chief Solutions & Operations Officer, tel. +358 10 500 500
Pia Posio, VP Communications, Marketing and IR, tel. +358 10 500 5076
Glaston in brief
Glaston is the glass processing industry’s innovative technology leader supplying equipment, services and solutions to the architectural, automotive, solar and display industries. The company also supports the development of new technologies integrating intelligence to glass.
Glaston is committed to providing its clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. Glaston operates globally with manufacturing, services and sales offices in nine countries and its shares (GLA1V) are listed on NASDAQ Helsinki Ltd.