Further lay-offs at Konecranes following restructure

Konecranes has announced restructuring actions in Business Area Equipment resulting in 20 employees being permanently laid off within Konecranes Finland Oy. Additionally, the contracts of nine temporarily employed persons will be terminated when they are due. The number of rental workers will also be reduced.

Konecranes also warned that there might be further temporary lay-offs 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 organising itself globally into larger sales areas with stronger units.

As a result, industrial crane manufacturing will be discontinued in Hyvinkää, Finland. Hyvinkää 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 Hyvinkää.