Konecranes announces further cuts amidst merger talk
Konecranes has announced a series of cost-cutting measures as it claims its customers have grown cautious about investment because of slow economic growth.
In a statement, it said: “Companies operating in emerging and commodity markets are particularly under pressure to save costs. However, we still believe in our growth opportunities in specific product segments and geographic areas.”
The company aims to gain annual cost savings of €25m (US$27m) by the end of 2017 with half of these savings realised by the end of 2017.
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