Glaston Oyj Abp - Company Announcement

Glaston ends employee co-operation negotiations in Finland

GLASTON CORPORATION   Stock Exchange Release 17 March, 2009 at 11:00 a.m.       


Glaston ends employee co-operation negotiations in Finland                      


Glaston Finland Oy's on 3 March, 2009 initiated negotiations in accordance with 
the Act on Co-operation within Undertakings, on adjusting the operations of its 
Heat Treatment business area to the prevailing market situation, have been      
concluded.                                                                      

Glaston Finland will have temporary lay-offs of its entire workforce, excluding 
service business, a total of 200 employees, for on average of an additional 10  
weeks during 2009, and redundancies for maximum 10 employees.                   


As a result of these negotiations and the previous employer-employee            
co-operation negotiations completed in December 2008 the total temporary        
lay-offs of Glaston Finland's workforce is estimated to 10-18 weeks, with the   
exception of service business personnel, and the redundancies to 25 employees.  




For further information, please contact:                                        
Glaston Corporation, Mika Seitovirta, CEO&President                             
Tel. +358 (0)10 500 500                                                         

                                                                                

Submitted by:                                                                   
Glaston Corporation                                                             
Agneta Selroos                                                                  
Corporate Communications and IR Manager                                         
Tel. +358 (0)10 500 6105                                                        









Glaston Corporation                                                             
Glaston Corporation is a growing and global glass technology group. As the      
leading supplier of glass processing machines in the world and a                
One-Stop-Partner for glass processors, its product range and service network are
the most extensive in the industry. Glaston's well-known brands are Bavelloni in
pre-processing machines and tools, Tamglass and Uniglass in safety glass        
machines, and Albat+Wirsam in software solutions.                               

Glaston's own glass processing unit, Tamglass Glass Processing, is a            
manufacturer of high quality safety glass products, and operates in Finland.    

Glaston's share (GLA1V) is quoted on the Mid Cap list of the NASDAQ OMX         
Helsinki. 
www.glaston.net