Konecranes has invited Finnish works council representatives to negotiations regarding temporary layoffs which would cover all of Konecranes’ Finnish operations, approximately 2,000 employees in total, due to the disruption caused by the spread of COVID-19.
Countries around the world have imposed extensive restrictions on the daily conduct of people and businesses and, as a result, many of Konecranes’ customers have limited access to their premises.
This affects the company’s ability to complete the installation of new equipment and perform certain service operations.
Additionally, Konecranes’ own manufacturing operations have been impacted by the significant and increasing measures to contain the pandemic.
In order to adjust costs to the uncertain global business environment, Konecranes seeks to explore all possible temporary measures.
It cannot estimate at this stage what those measures will ultimately be, but Konecranes has said that the period of temporary layoffs would be up to 90 days at most.
Konecranes has already been active to reducing costs in across the full scope of its global operations.
The company has said that it is focused on ensuring the health and safety of its employees and serving its customers worldwide, some of which play critical roles in ensuring the uninterrupted flow of food, medical supplies and other fundamentally important materials needed during this crisis.