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| Konecranes closes Wisconsin factory |
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| Written by Richard Howes |
| Thursday, 03 June 2010 14:54 |
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Konecranes will close its assembly plant in Windsor, Wisconsin by the end of October 2010. Konecranes expects to book largely lease-related restructuring costs of €3m ($3.6m) due to the factory closure in the second quarter of 2010. Low equipment demand in developed markets, closer integration of Morris Material Handing Inc's (P&H) activities into Konecranes’ operations and widening usage of corporate-wide products, have reduced production volumes at the Windsor plant this year. A plan has been prepared to cease operations at the Windsor factory and to relocate the remaining activities to the other Konecranes locations in the US. The personnel in Windsor is 47 of which 27 will be offered jobs in other locations, leading to a reduction of 20 positions. |
