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 Ħal Far, said it 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 returning to normal operations.
Trelleborg, formerly Dowty, produces O rings for the automotive market and employs nearly 600 people.
It exports its products to the US and Europe.