Konecranes Heavy Lifting Corporation has now completed the statutory negotiations for personnel reductions. Konecranes Heavy Lifting Corporation will make a permanent reduction of 41 persons. The reduction will be implemented by the end of the current vacation period. The negotiation parties are also to agree on temporary layoffs, which are still being negotiated. In addition, 25 persons will retire in the near future.
Konecranes Standard Lifting Corporation and Konecranes Service Corporation started statutory negotiations on March 18, 2009 and Konecranes Heavy Lifting Corporation on May 18, 2009. The aim was to adjust the companies’ cost structure and capacity to the current, weaker market situation and to secure future competitiveness. The decisions now made at Konecranes Heavy Lifting Corporation involve all of the company's personnel departments. The statutory negotiations within Konecranes Standard Lifting Corporation continue. Konecranes Service Corporation completed its negotiations on June 5, 2009.
Konecranes has already adjusted its capacity through various arrangements, for example by reducing the use of staffing agencies and temporary employment. In addition, the company has shifted subcontracting back to in-house production.
Konecranes Heavy Lifting Corporation employs approximately 620 persons, Konecranes Service Corporation approximately 590 persons and Konecranes Standard Lifting Corporation approximately 460 persons in Finland.
Further information
Press:
Mikael Wegmüller, Director, Marketing and Communications, Konecranes Plc
E-mail: [email protected] or phone +358 20 427 2008
Investors and analysts:
Sanna Päiväniemi, IR Manager
E-mail: [email protected] or phone +358 20 427 2050
Konecranes is a world-leading lifting equipment manufacturer serving a broad range of customers from the machine building and process industry, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as servicing for lifting equipment and machine tools of all makes. In 2008, Konecranes Group sales totaled EUR 2,103 million. The Group has 9,600 employees, at 485 locations in 43 countries. Konecranes is listed on the NASDAQ OMX Helsinki Ltd (symbol: KCR1V).
