Konecranes to cut jobs on Finland

Konecranes will cut jobs at two of its business operations in Finland.

The company has begun negotiations at Konecranes Standard Lifting Oy and Konecranes Service Oy. The company is looking to cut up to 50 jobs in total at both plants.

Konecranes Standard Lifting Oy supplies lifting equipment for industrial purposes and Konecranes Service Oy offers service solutions for cranes, port equipment and machine tools.

The company says the decision to reduce worker numbers in the two business areas is due to "the continuing weak demand for lifting equipment and maintenance services.

"The aim of the measures is to adjust the companies' cost structure and capacity to correspond with the current, weakened market situation and to secure future competitiveness."