Kalmar completes the cooperation negotiations in Lidhult, Sweden
(Thomson Reuters ONE) -
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 7 JULY 2016 AT 11 AM (EEST
Kalmar, part of Cargotec, has completed the employee cooperation negotiations
with the labour unions in Lidhult, Sweden. As a result of the negotiations,
Kalmar has decided to transfer the production of forklift trucks from Sweden to
Poland, invest in new, state of the art premises in Sweden and transform the
operations in Southern Sweden into a Business, Innovation and Technology Centre.
The change will lead to a permanent reduction of 160 employees and gradual
closing of the operations in Lidhult.
The measures aim to improve Kalmar's operational efficiency and ensure long term
competitiveness in the global markets. The production of forklift trucks will be
transferred to Kalmar's assembly operations in Stargard, Poland, starting from
the fourth quarter of 2016. The transfer is expected to be finalised by the end
of 2017.
The restructuring costs associated with the transfer are estimated to amount to
approximately EUR 18 million, out of which EUR 16 million will be booked in
Cargotec's results in 2016 and EUR 2 million in 2017. Approximately EUR 13
million of the restructuring costs are cash effective. The total benefits of the
activities are expected to amount to approximately EUR 13 million annually from
2018 and onwards.
"The decisions are of course sad for the people in Lidhult. However, these
actions are needed to sustain our global leadership position on the global
markets. Through the change, we will gain synergies and make our production
setup more cost competitive, enabling us to focus on our technological
competence development in digital business," says Dan Pettersson, Senior Vice
President, Mobile Equipment, Kalmar.
"Kalmar's new Business, Innovation and Technology Centre in Ljungby will create
new business and job opportunities in Southern Sweden. According to our
estimates, we will have around 200 people employed at the new site in the
future. In Stargard, Poland, we are expanding our operations to facilitate the
production of forklift trucks. This will create about 200 new jobs in the
region," he concludes.
Kalmar employs currently 350 people in Lidhult and Ljungby, Sweden, and
approximately 320 people in Poland.
Further information for the press:
Dan Pettersson, Senior Vice President, Mobile Equipment, Kalmar, tel.
+46 37 237 8062 dan.pettersson(at)kalmarglobal.com
Maija Eklöf, Vice President, Marketing and Communications, Kalmar, tel.
+358 20 777 4096, maija.eklof(at)kalmarglobal.com
Further information for investors:
Leena Lie, Senior Vice President, Communications and Investor Relations,
Cargotec Corporation, tel. +358 20 777 4483
Cargotec (Nasdaq Helsinki: CGCBV) is a leading provider of cargo and load
handling solutions with the goal of becoming the leader in intelligent cargo
handling. Cargotec's business areas Kalmar, Hiab and MacGregor offer products
and services that ensure our customers a continuous, reliable and sustainable
performance. Cargotec's sales in 2015 totalled approximately EUR 3.7 billion and
it employs almost 11,000 people. 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#2026777]
Unternehmensinformation / Kurzprofil:
Datum: 07.07.2016 - 10:00 Uhr
Sprache: Deutsch
News-ID 481972
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