Glaston Oyj Abp - Company Announcement

Glaston ends employee co-operation negotiations in Finland

GLASTON CORPORATION   Stock Exchange Release   18.12.2008    10.00
a.m.




Glaston ends employee co-operation negotiations in Finland

Glaston Corporation's statutory employer-employee negotiations under
the Act on Co-Determination within Undertakings (YT negotiations)
have been concluded. The start of the negotiations, relating to
Glaston's efficiency programme, was announced in October.



Glaston Finland will have temporary lay-offs of its entire workforce,
a total of 200 employees, for an average of 4-8 weeks in spring 2009.
Sales, service and product development personnel are unaffected by
the temporary lay-offs.

Glaston also has efficiency measures in all other units. In the
Pre-processing business area, 25 percent of the workforce, or around
100 employees, are on regular basis lay-offed accordingly with the
order intake.

In addition, personnel reductions will take place in several units,
resulting in the redundancy of around 100 employees. The use of
contract labour is reduced by 50 persons.

Currently Glaston employs approximately 1,500 persons.


Further information:
President & CEO Mika Seitovirta
Tel. +358 10 500 6100

Sender:
Glaston Corporation
Agneta Selroos
IR and Communications Manager
Tel. +358 10 500 6105