Heavy Machinery & Vehicles
Doosan Engine Co., Ltd <082740.KS> : Says it will halt the medium speed engine production business from June 1 due to transfer its production facility to enhance efficiency .Says suspended amount is 92.9 billion won.
Hitachi Construction Machinery Co Ltd:Says 489 employees took up the offer of the early-retirement program announced on Sep. 29, 2015.Effective period of retirement is from Jan. 20 to March 20.A premium will be added to the normal retirement allowance of eligible applicants.Says eligible applicants will also have the option to receive job-placement assistance.
Zhejiang Dingli Machinery Co Ltd:Completes the dissolution of a wholly owned subsidiary, which is a Hangzhou-based trading company.
Bucher Industries AG:Planned streamlining of sweeper manufacture will result in loss of some 65 jobs in Switzerland and Great Britain .Cost of streamlining measures will be 4 million Swiss francs and will be recognised in fiscal 2016 and 2017.In Latvia, on other hand, a corresponding number of new positions will be created.
Konecranes Abp:Intends to initiate actions aiming at annual cost savings of 25 million euros by end of 2017.About a half of cost savings are expected to be realized by end of 2016.Will reduce number of its internal regions from five to three.Expects to incur restructuring costs of about 20 million euros by end of 2017.
Hitachi Construction Machinery Co Ltd:To transfer wheel loader development and manufacturing business, to unit KCM.Effective April 1.
Inner Mongolia North Hauler Joint Stock Co Ltd:To dissolve a subsidiary, which is engaged in production, sale and maintain of engineering construction machinery.