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KONECRANES HEAVY LIFTING CORPORATION COMPLETED THE STATUTORY NEGOTIATIONS FOR PERSONNEL REDUCTIONS IN FINLAND

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Konecranes Heavy Lifting Corporation has now completed the statutory            
negotiations for personnel reductions. Konecranes Heavy Lifting Corporation will
make a permanent reduction of 41 persons. The reduction will be implemented by  
the end of the current vacation period. The negotiation parties are also to     
agree on temporary layoffs, which are still being negotiated. In addition, 25   
persons will retire in the near future.                                         

Konecranes Standard Lifting Corporation and Konecranes Service Corporation      
started statutory negotiations on March 18, 2009 and Konecranes Heavy Lifting   
Corporation on May 18, 2009. The aim was to adjust the companies' cost structure
and capacity to the current, weaker market situation and to secure future       
competitiveness. The decisions now made at Konecranes Heavy Lifting Corporation 
involve all of the company's personnel departments. The statutory negotiations  
within Konecranes Standard Lifting Corporation continue. Konecranes Service     
Corporation completed its negotiations on June 5, 2009.                         

Konecranes has already adjusted its capacity through various arrangements, for  
example by reducing the use of staffing agencies and temporary employment. In   
addition, the company has shifted subcontracting back to in-house production.   

Konecranes Heavy Lifting Corporation employs approximately 620 persons,         
Konecranes Service Corporation approximately 590 persons and Konecranes Standard
Lifting Corporation approximately 460 persons in Finland.                       

Further information                                                             
Press:                                                                          
Mikael Wegmüller, Director, Marketing and Communications, Konecranes Plc        
E-mail: mikael.wegmuller@konecranes.com or phone +358 20 427 2008               

Investors and analysts:                                                         
Sanna Päiväniemi, IR Manager                                                    
E-mail:                                                                         
sanna.paivaniemi@konecranes.com or phone +358 20 427 2050                       

Konecranes is a world-leading lifting equipment manufacturer serving a broad    
range of customers from the machine building and process industry, shipyards,   
ports and terminals. Konecranes provides productivity-enhancing lifting         
solutions as well as servicing for lifting equipment and machine tools of all   
makes. In 2008, Konecranes Group sales totaled EUR 2,103 million. The Group has 
9,600 employees, at 485 locations in 43 countries. Konecranes is listed on the  
NASDAQ OMX Helsinki Ltd (symbol: KCR1V).





                                            

                

            

        

    

    



    

        
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