Due to the continuing weak demand for maintenance services in the Finnish market, Konecranes begins new statutory negotiations concerning possible temporary and permanent layoffs within Konecranes Service Corporation in Finland. It is estimated that the permanent personnel reductions will affect approximately 15 employees.
The new statutory negotiations affect all Konecranes Service Corporation personnel in Finland. The agenda for the negotiations includes the possibility of continuing the temporary layoffs and of making permanent layoffs of personnel.
Konecranes Service Corporation’s previous statutory negotiations ended on June 5, 2009. The negotiations resulted in ten persons being permanently laid off and in temporarily layoffs according to the market situation and work load.
The aim of these measures is to adjust the company’s cost structure and capacity so that they correspond to the current market situation, and to secure future competitiveness.
Konecranes Service Corporation in Finland, offering service solutions for cranes, port equipment and machine tools, employs about 620 people.
Konecranes has already adjusted its capacity through various arrangements, for example by reducing the use of hired personnel and temporary employment. The company has also shifted subcontracting back to in-house production. Konecranes has previously communicated an estimated reduction of approximately 1,600 employees on Group level in 2009.
Additional information:
Press
Mikael Wegmüller, Vice President, Marketing and Communications, Konecranes Plc
Email: [email protected], or tel. +358 20 427 2008
Investors and analysts:
Miikka Kinnunen, Director, Investor Relations, 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).
