Corporate responsibility at Glaston

Wellbeing and safety at work

We invest in the health, working capacity and safety of our personnel in many ways, and we actively monitor occupational safety. Our target is zero accidents at work. The day-to-day management and development of occupational safety is the responsibility of the company’s various units in line with local legislation. Occupational safety training primarily takes place in the company’s assembly and production units.

At Glaston, we encourage our personnel to exercise. In Finland, Glaston offers its employees joint activities and exercise benefits. In Germany, personnel have an opportunity to use a company bicycle.

Remuneration

As a rule, all of Glaston’s personnel are covered by an annual bonus scheme and, in addition, the reward scheme also includes Glaston Way awards. The annual bonus is based on Glaston’s financial performance, and the Glaston Way monetary awards are based on good work performance supporting the achievement of strategic goals in line with the company’s values. Since 2014, the company has had a share-based incentive scheme for the Group’s key personnel. The scheme is linked to the company’s financial performance.

2020 key information

In 2020, the number of Glaston personnel declined by 4%, and there were 764 (790) Glaston employees at the end of the year. The reduction in the number of employees was due to, among other things, the restructuring of operations in China, the redundancies following the cooperation procedure undertaken at the end of 2019, and the elimination of overlapping operations following the acquisition of Bystronic glass.

At the end of 2020, Glaston had operations in 10 countries, of which the three largest, by employee numbers, were Germany, Finland and China. Employee turnover is at normal levels (in Germany 10%, Finland 8% and Switzerland 9%) and most employment relationships are permanent. The average age of personnel is 44 years.

Of Glaston’s personnel, 83% are men and 17% are women. Women account for 15% of supervisory staff. At the end of 2020, there were 7 men and 1 woman on Glaston’s Board of Directors, and 25% of the members of the company’s Executive Management Group were women.

In spring 2020, as the coronavirus pandemic spread, Glaston initiated immediate measures to safeguard the health and safety of personnel as well as the continuity of operations. The safety of those working in production was ensured by, for example, prohibiting visits to production facilities. All of Glaston’s installation supervisors were rapidly recalled from work sites.

Due to preventive measures introduced at an early stage, such as a recommendation to work remotely and strict safety guidelines, we were able to maintain all production operations throughout the year, and there have been very few cases of coronavirus infection among personnel.