Trelleborg Sealing Solutions Malta said today that all employees will be working on a four-day week until further notice due to the current global situation within the automotive industry and a drop in consumer confidence.
The decision was taken in consultation with the GWU.
The company, which is based at Hal Far, said that is has been suffering a continuing drop in its order-book and various measures to mitigate the situation were taken over the past few months.
The management will be closely monitoring the order book situation with a view to return to normal operation.
Trelleborg, formerly Dowty, produces 'O' rings for the automotive market and employs nearly 600 people. It exports its products to the US and Europe.