NSG is to put a float line at its Cowley Hill, UK site on hot hold.

The CH2 Float Line in Cowley Hill, will be kept out of operation on hot hold from 3 January 2013 for three months.

NSG said the decision was made due to overcapacity within the European glass industry.

The action will allow it to reduce stock levels and working capital. It said the decision would not impact the UK market as it can supply from stocks and from UK5 float line at Greengate, UK.

Local management has been in discussion with employee representatives concerning manning plans for different parts of the operation during the hot hold, as well as cost saving opportunities.