With the continuing weak demand for lifting equipment and maintenance services, Konecranes is stepping up adjustments to its production and service capacity. Konecranes Standard Lifting Oy and Konecranes Service Oy will start statutory negotiations regarding possible temporary and permanent layoffs. It is estimated that the permanent personnel reductions will affect 50 employees at most.
The statutory negotiations now initiated target all personnel of Konecranes Standard Lifting Oy and Konecranes Service Oy in Finland. In addition to possible temporary layoffs, Konecranes Standard Lifting Oy is negotiating the possible permanent layoff of at most 40 employees and Konecranes Service Oy the possible permanent layoff of at most ten employees. Konecranes Standard Lifting Oy, supplying lifting equipment for industrial purposes, employs about 460 people in Finland and Konecranes Service Oy, offering service solutions for cranes, port equipment and machine tools, about 590 people in Finland.
The aim of the measures is to adjust the companies’ 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.
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
Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity-enhancing lifting solutions as well as services for lifting equipment and machine tools of all makes. In 2008, 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).
