With the weakened demand for services within machine tool service customers in Finland, Konecranes is making adjustments to its machine tool service capacity. Konecranes Service Oy will start statutory negotiations regarding possible temporary layoffs, the duration of which is expected to be less than 90 days. It is estimated that the temporary layoffs will affect 40 employees at most.
The statutory negotiations will target the Machine Tool Service personnel of Konecranes Service Oy in Kotka, Pori, Rauma and Turku in Finland. Konecranes Service Oy, offering service solutions for cranes, port equipment and machine tools, has approximately 600 employees 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.
Additional information:
Press
Kari Åkman, Managing Director, Konecranes Service Oy
Email: [email protected], or tel. +358 20 427 4040
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 2010, Group sales totaled EUR 1,546 million. The Group has 10,000 employees, at 578 locations in 46 countries. Konecranes is listed on NASDAQ OMX Helsinki (symbol: KCR1V).
