FINLAND'S freight handling giant, Cargotec, is laying off 100 workers before the end of the year at its MacGregor unit as it responds a lack of orders at its plant at Uetersen, Germany.
MacGregor Hatlapa GmbH & Co KG at Uetersen will restructure after the market deteriorated due to low oil prices and the low number of new merchant ship orders.
MacGregor Hatlapa continues to deliver winches, steering gear and compressors and to serve its customers with the same commitment and customer focus as it has been recognised for over the years, said the company statement.
The initiated measures are estimated to create restructuring costs of EUR5 million in 2015.
Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Cargotec's sales totalled EUR3.4 billion in 2014 and it employs 11,000 people.
WORLD SHIPPING
02 September 2015 - 21:57
Cargotec's MacGregor unit to lay off 100 in Germany as demand weakens
FINLAND'S freight handling giant, Cargotec, is laying off 100 workers before the end of the year at its MacGregor unit as it responds a lack of orders at its plant at Uetersen, Germany.
WORLD SHIPPING
02 September 2015 - 21:57
Cargotec's MacGregor unit to lay off 100 in Germany as demand weakens
This news 3621 hits received.
These news may also interest you