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Konecranes Abp Completes Statutory Negotiations; to Cut Jobs; Company Discontinues Industrial Crane Manufacturing in Hyvinkaa in Finland


Monday, 25 Feb 2013 03:00am EST 

Konecranes Abp announced that it had in a stock exchange release dated January 3, 2013 announced restructuring actions in Business Area Equipment and that the Company as a result of these will start statutory negotiations regarding possible personnel reductions within Konecranes Business Area Equipment in Finland. The statutory negotiations have ended and according to the results 20 employees will be permanently laid off within Konecranes Finland Oy. Furthermore, the contracts of nine temporarily employed persons will be terminated when they are due. Also the number of rental workers will be reduced. In addition to these activities, there might be temporary layoffs affecting 350 employees, should the market demand and factory capacity not meet. As a result of new equipment demand moving towards emerging markets, Konecranes Business Area Equipment initiated actions to align operations closer to customers. In doing so, Konecranes Business Unit Industrial Cranes is organizing itself globally into larger sales areas with stronger units. As a result, industrial crane manufacturing will be discontinued in Hyvinkaa, Finland. Hyvinkaa will remain the main location for component manufacturing for heavy-duty industrial cranes and port cranes. In Finland Konecranes employs approximately 2,000 people of which approximately 1,200 are located in Hyvinkaa. 

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