The decision of NSG to halt one of the two float glass productions in Gladbeck is a direct result of a review of the current and medium-term weak demand situation in the German and wider European glass market, according to NSG. Earlier in March of this year, the company had already announced the early closure of one of its float lines in Weiherhammer.
Restart planned, but date not yet set
The group is confident that the European markets will recover over the medium to long term. However, the exact timing of a potential restart of the line will be decided at a later date.This measure will result in the reduction of more than 100 jobs at the site.
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The Group’s subsidiary in Germany, Pilkington Deutschland AG, is in continuous contact with employee representatives to implement this process in a fair and transparent manner.As a result of this decision, the group expects to record exceptional costs of more than 10 million Euro for the financial year ending March 31, 2025, representing redundancy and other one-off costs.
The group’s full-year forecast for the financial year ending March 31, 2025, including these exceptional costs and the positive impact of improved capacity utilization, will be disclosed after review.
