Cargotec's MacGregor responds to weak market demand and reduces workforce in Uetersen, Germany
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 27 AUGUST 2015 AT NOON (EEST)
Cargotec's MacGregor responds to weak market demand and reduces workforce in
Uetersen, Germany
MacGregor, part of Cargotec, plans to reduce workforce in MacGregor Uetersen
site in Germany to restructure the operations to the weak market demand. The
market situation has deteriorated due to the low oil price and low number of new
merchant ship orders. Ensuring competitiveness in the long-term over the current
market cycle requires constant development of MacGregor's operations globally.
MacGregor is planning to start capacity adjustment measures which are estimated
to have an impact on approximately 100 employees at MacGregor Hatlapa GmbH & Co.
KG in Uetersen by the end of 2015. The target is to reach annual savings of EUR
7 million as of 2016.
MacGregor Hatlapa continues to deliver winches, steering gear and compressors
and serve its customers with the same commitment and customer focus as it has
been recognised for over the years.
The initiated measures are estimated to create restructuring costs of EUR 5
million in 2015.
More information for media:
Alexander Nürnberg, Vice President, Auxiliary and Machinery Systems, MacGregor,
tel. +49 172 981 3287, email: alexander.nuernberg(at)macgregor.com
Minna Karhu, Vice President, Communications, MacGregor, tel +358 20 777 4500,
email: minna.karhu(at)macgregor.com
More information for investor:
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084
Cargotec shapes the cargo handling industry for the benefit of its customers and
shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are
recognised leaders in cargo and load handling solutions around the world. Their
global network is positioned close to customers and offers extensive services
that ensure a continuous, reliable and sustainable performance according to
customers' needs. Cargotec's sales totalled approximately EUR 3.4 billion in
2014 and it employs approximately 11,000 people. Cargotec's class B shares are
quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Cargotec Corporation via GlobeNewswire
[HUG#1947872]
Unternehmensinformation / Kurzprofil:
Datum: 27.08.2015 - 11:01 Uhr
Sprache: Deutsch
News-ID 416224
Anzahl Zeichen: 2921
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Kategorie:
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