STATUTORY NEGOTIATIONS COMPLETED WITHIN KONECRANES SERVICE OY'S UNIT FOR MACHINE TOOL SERVICE IN FINLAND

STATUTORY NEGOTIATIONS COMPLETED WITHIN KONECRANES SERVICE OY’S UNIT FOR MACHINE TOOL SERVICE IN FINLAND

The statutory negotiations have now ended at Konecranes Service Oy’s unit for Machine Tool Service (MTS) in Finland. Konecranes Service Oy will temporarily lay off personnel in its MTS units in Kotka, Pori, Rauma and Turku in Finland. The extent of the temporary layoffs will depend on the specified machine tool service units’ workloads. The temporary layoffs will affect approximately 40 employees and the duration of the layoffs are less than 90 days.

Konecranes Service Oy’s MTS unit started statutory negotiations on September 26, 2011. The aim is to adjust the specified machine tool service units’ capacity to the current weakened demand for services within MTS customers in the earlier mentioned places in Finland.

Konecranes Service Oy, offering service solutions for cranes, port equipment and machine tools, has approximately 600 employees in Finland.

Additional information:
Press
Kari Åkman, Managing Director, Konecranes Service Oy
Email: kari.akman@konecranes.com, or tel. +358 20 427 4040

Investors and analysts:
Miikka Kinnunen, Director, investor relations, Konecranes Plc
Email: miikka.kinnunen@konecranes.com, or tel. +358 20 427 2050

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 2010, Group sales totaled EUR 1,546 million. The Group has 11,200 employees, at 578 locations in 46 countries. Konecranes is listed on NASDAQ OMX Helsinki (symbol: KCR1V).