The NSG Group will stop production at one of its two float glass manufacturing lines at its Gladbeck, Germany, facility in January 2025.
It said the decision was a direct consequence of the current and medium-term weak demand situation in the German and wider European glass market.
In March this year the group said it also planned to close a float line at its Weiherhammer, Germany site.
“The group is confident that 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,” the company said.
About100 people will lose their jobs at Gladbeck as a result of the decision.
As a result of this decision, the group expects to record an exceptional cost of approximately JPY 1.7 billion ($11.4 million) for the financial year ending 31 March 2025, representing redundancy and other one-off costs.