Konecranes Closes Alabama Factory
11/17/2009 - Konecranes will close its crane production and assembly facility in Birmingham, Ala., by December 31. The factory closure affects 18 employees.
Konecranes will close its crane production and assembly facility in Birmingham, Ala., by December 31. The factory closure affects 18 employees.
This factory closure is part of Konecranes’ previously communicated decision to restructure its organization and reduce costs, based on a sharp drop in demand and a low industrial capacity utilization rate. The action is included in the estimates the company announced in 2Q and 3Q 2009 interim reports—i.e., an annual cost-saving target of €100 million in 2010 compared to 2008, and an estimated €17 to 22 million restructuring costs to be booked during 2009.
The Birmingham facility produces industrial cranes for deliveries mainly to the southern U.S. Current and future customer orders will be serviced by other Konecranes facilities in the U.S.
