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STATUTORY NEGOTIATIONS COMPLETED AT KONECRANES HEADQUARTERS

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Statutory negotiations completed at Konecranes headquarters

The statutory negotiations have now ended at Konecranes Plc and Konecranes
Finance Corporation. The companies will reduce their personnel by a total of 21
temporary and permanent employees. There will be no temporary layoffs. The
reductions will be made during the last quarter of 2009. 

Due to the lower level of orders received during the first half of 2009,
Konecranes Plc and Konecranes Finance Corporation started statutory
negotiations on September 1, 2009. Both companies are based in Hyvinkää and
represent headquarter functions, which include IT, R&D, marketing &
communications, legal, financial, HR and procurement. The aim was to further
adjust the companies' cost structures and resources to correspond with the
current, weak market situation and to secure future competitiveness. The
statutory negotiations targeted all personnel, a total of 189 persons. 

Konecranes has already adjusted its capacity. In the second-quarter 2009
interim report, Konecranes reported a reduction of 850 persons from year-end
2008. The company also estimated that the number of employees would further
decrease by 750 persons during the latter part of 2009. The statutory
negotiations at headquarters are part of this reduction. 

Additional information:
Press
Mikael Wegmüller, Director, Marketing and Communications, Konecranes Plc
Email: mikael.wegmuller@konecranes.com, or tel. +358 20 427 2008

Investors and analysts:
Sanna Päiväniemi, Investor Relations Manager, Konecranes Plc
Email: sanna.paivaniemi@konecranes.com, or tel. +358 20 427 2050

This press release is available on our website www.konecranes.com

Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2008, Group sales totaled EUR 2,103 million. The Group has 9,700
employees, at 485 locations in 43 countries. Konecranes is listed on the NASDAQ
OMX Helsinki Ltd (symbol: KCR1V). 

www.konecranes.com

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