With the continuing weak demand for lifting equipment, Konecranes is continuing adjustments to its capacity. As stated in the interim report January – March 2009, Konecranes is expecting the headcount number to further decrease during the coming quarters. Konecranes Heavy Lifting Corporation will start statutory negotiations regarding possible temporary and permanent layoffs. It is estimated that the permanent personnel reductions will affect at most 80 employees in Finland.
The statutory negotiations now initiated target all personnel of Konecranes Heavy Lifting Corporation in Finland. In addition to possible temporary layoffs, Konecranes Heavy Lifting Corporation is negotiating the possible permanent layoff of at most 80 employees. Konecranes Heavy Lifting Corporation supplying port cranes and heavy industrial cranes, employs about 620 people in Finland.
The aim of the measures is to adjust the company’s cost structure and capacity to correspond with the current, weakened market situation and to secure future competitiveness.
Konecranes has already adjusted its capacity through various arrangements, e.g. by reducing the use of hired personnel and temporary employment. Additionally, the company has shifted subcontracting back to in-house production. Statutory negotiations continue within Konecranes Standard Lifting Corporation and Konecranes Service Corporation.
Additional information:
Press:
Mikael Wegmüller, Director, Marketing and Communications, Konecranes Plc
Email: [email protected], or tel. +358 20 427 2008
Investors and analysts:
Sanna Päiväniemi, Investor Relations Manager, Konecranes Plc
Email: [email protected], or tel. +358 20 427 2050
