Konecranes to close Ettlingen factory
The closure is part of the company’s overall organisational restructuring package announced earlier this year, as a result of a sharp drop in demand and a low industrial capacity utilisation rate.
In its Q2-2009 interim report, the company announced an annual cost saving target of €100m (US$146m) in 2010 compared to 2008, with €15-20m (US$22-30m) restructuring costs to be booked during the second half of 2009.
About 85 employees in crane production and assembly, component production and plant administration will be affected. Manufacturing at Konecranes’ factories in Künzelsau and Liebengrün will continue unchanged.
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