The statutory negotiations have now ended at Konecranes Service Corporation in Finland. Konecranes Service Corporation will make a permanent reduction of 26 persons at most. Details of the reductions will be decided by the end of February 2010. During the negotiations the parties also agreed on temporary layoffs which can be made up until May 31, 2011. The extent of the temporary layoffs will depend on the company’s work load. The permanent and temporary layoffs will affect all personnel groups.
Konecranes Service Corporation started statutory negotiations on January 5, 2010. The aim was to adjust the company’s cost structure and capacity to the current, weaker market situation and to secure future competitiveness.
Konecranes Service Corporation employs about 620 persons in Finland.
Additional information:
Press:
Kari Åkman, Managing Director, Konecranes Service Oy
e-mail: [email protected] or phone +358 427 4040
Investors and Analysts:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc
e-mail: [email protected] or phone +358 427 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 2009, Group sales totalled EUR 1,671 million. The Group has 9,800 employees, in 545 locations in 43 countries. Konecranes is listed on NASDAQ OMX Helsinki Ltd (symbol: KCR1V).
