Cargotec cuts 220 jobs

Print Friendly, PDF & Email

»To respond to weakinging offshore and merchant shipping markets«, the Cargotec groups[ds_preview] will cut 220 jobs at MacGregor. »2015 began positively for Cargotec. The market situation related to Kalmar and Hiab developed favourably, while that of MacGregor weakened. We do not expect to see repaid improvement there, which is why we have added a savings programme in order to safeguard the profitability of this business area«, Cargotec’s CEO Mika Vehviläinen said. Simultaneously MacGregor continues to have a strong focus on the earlier announced development programmes to improve the internal effectiveness, the company said. MacGregor employs globally approximately 2,750 persons in 33 countries. The countries where the impact of the planned measures is estimated to be biggest are Sweden, Singapore and Norway.