Jungheinrich AG will proceed with plans to close its struggling French hand pallet truck business, MIC SA.

Jungheinrich's board made the decision official at a meeting on December 13. In accordance with French labour laws, the 375 employees affected were being informed, a statement said.

Jungheinrich announced it was considering the closure in its September 30 interim report. "This move is currently predicted to have a one-time total impact of approximately EUR30 million (USD37 million) to EUR35 million (USD43 million) on the group result," the company said.