KONECRANES PLC - KONECRANES TO RESTRUCTURE OPERATIONS IN EUROPE
As preliminarily communicated in the January-September interim report release on October 20, 2011, Konecranes has initiated actions in the fourth quarter to lower the cost base in Europe. Within Business Area Service, operations will be restructured in a number of European countries. Planned actions include closing down unprofitable units, merging operations, personnel reductions and streamlining of administration. The estimated need to reduce personnel amounts to approximately 100 employees. The countries estimated to be affected by planned actions are Austria, Belgium, Denmark, Finland,