Cargotec's employee cooperation negotiations end in Hudiksvall, Sweden

 
CARGOTEC PRESS RELEASE, 26 MARCH 2013 AT 11.30 A.M. EET

On 25 March 2013, Cargotec completed the employee cooperation negotiations launched in November 2012, on the personnel effects in operations in Hudiksvall, Sweden. As a result of the negotiations, a total of 105 persons will be made redundant.

The measures aim at adjusting Cargotec's operations to improve the profitability of its Hiab business area and to respond to the global load handling equipment market situation.  A part of the Hudiksvall unit's production responsibility will transfer to Cargotec's unit in Stargard, Poland, closer to customers and suppliers.

Further information for media:
Mika Selänne, Vice President Supply Hiab, tel. +358 40 566 8199
Anne Westersund, Vice President, Communications, Cargotec tel. +358 20 777 4460

Cargotec improves the efficiency of cargo flows on land and at sea - wherever cargo is on the move. Cargotec's brands MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Cargotec's global network is positioned close to customers and offers extensive services that ensure the continuous, reliable and sustainable performance of equipment. Cargotec's sales totalled EUR 3.3 billion in 2012 and it employs approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com