EMCC European Monitoring Centre on Change

Cargotec

Company/Organisation:
Cargotec

Geographic Location

Country: World
Location of affected unit(s): Finland, Sweden, other countries

Company

Sector: Manufacturing
Manufacture of transport equipment
30.99 - Manufacture of other transport equipment n.e.c.
Number Employed: 10500
Group: Cargotec Group

Employment Effects

Announcement Date: 02-10-2012
Planned Job Reductions min: 375
Planned Job Reductions max: 375
Type of Restructuring: Internal restructuring

Additional Information

Cargotec, Finish manufacturer of cargo-handling machinery, has announced plans to cut up to 375 jobs globally. According to the company these job reduction measures are part of an internal restructuring process.

The majority of job losses will affect operations in Finland with 130 job cuts (see here), followed by up to 165 in Sweden and 80 in other countries.

The company had initially said to cut only 30 jobs in Sweden, but then announced additional 130 job reductions in its Lidhult multi-assembly unit in Sweden (see here). This is due to its plans to centralise the company’s activities in its multi-assembly unit in Stargard Szczecinski in Poland.

Sources:

02-10-2012Cargotec (Press release)
15-10-2012Cargotec (Press release)
02-10-2012Reuters

Sources Links:

http://www.cargotec.com/en-global/newsroom/Releases/stock-exchange-releases/Pages/cargotec-plans-to-adjust-operations.aspx http://www.cargotec.com/en-global/newsroom/Releases/press-releases/Pages/cargotec-plans-to-reorganise-its-operations-in-1648972.aspx http://www.reuters.com/article/2012/10/02/cargotec-jobs-idUSL6E8L237F20121002