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STATUTORY NEGOTIATIONS COMPLETED AT KONECRANES STANDARD LIFTING CORPORATION

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Statutory negotiations completed at Konecranes Standard Lifting Corporation

The statutory negotiations have now ended at Konecranes Standard Lifting
Corporation in Finland. Konecranes Standard Lifting Corporation will make a
permanent reduction of 39 persons. This means that 35 persons will be laid off
during this autumn. The rest of the reductions will be made by e.g. pension
schemes. The on-going temporary layoffs are continuing according to plan, but
these may be extended according to work load in different departments until May
31, 2010. 

Konecranes Standard Lifting Corporation started statutory negotiations on March
18, 2009. The aim was to adjust the company's cost structure and capacity to
the current, weaker market situation and to secure future competitiveness. The
statutory negotiations within Konecranes Standard Lifting Corporation targeted
the whole personnel. 

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

Konecranes Standard Lifting Corporation employs about 450 persons in Finland.

Additional information:
Press
Arto Engbom, Managing Director, Konecranes Standard Lifting Corporation
e-mail: arto.engbom@konecranes.com or phone +358 427 3030

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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