The statutory negotiations have now ended at Konecranes Standard Lifting Corporation in Finland. Konecranes Standard Lifting Corporation will make a permanent reduction of 39 persons. This means that 35 persons will be laid off during this autumn. The rest of the reductions will be made by e.g. pension schemes. The on-going temporary layoffs are continuing according to plan, but these may be extended according to work load in different departments until May 31, 2010.
Konecranes Standard Lifting Corporation started statutory negotiations on March 18, 2009. The aim was to adjust the company’s cost structure and capacity to the current, weaker market situation and to secure future competitiveness. The statutory negotiations within Konecranes Standard Lifting Corporation targeted the whole personnel.
Konecranes has already adjusted its capacity through various arrangements, for example by reducing the use of hired personnel and temporary employment. In addition, the company has shifted subcontracting back to in-house production.
Konecranes Standard Lifting Corporation employs about 450 persons in Finland.
Additional information:
Press:
Arto Engbom, Managing Director, Konecranes Standard Lifting Corporation
e-mail: [email protected] or phone +358 427 3030
Investors and analysts:
Sanna Päiväniemi, Investor Relations Manager, Konecranes Plc
Email: [email protected], or tel. +358 20 427 2050
This press release is available on our website www.konecranes.com
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 9,700 employees, at 485 locations in 43 countries. Konecranes is listed on the NASDAQ OMX Helsinki Ltd (symbol: KCR1V).
