Konecranes is planning to lay off workers in Hyvinkää and Hämeenlinna.

Photograph: Konecranes Oyj

Konecranes Oyj, the Finnish world-leading manufacturer of cranes and lifting equipment, is planning to permanently lay off 55 employees in Hyvinkää (25) and Hämeenlinna (33). “Additionally, in Finland temporary layoffs are considered for all industrial equipment related operations,” the company noted in a statement.

A total of about 700 employees are included in the negotiations for job cuts.

In addition, the German engineer-to-order crane organization located in Wetter will be included in the negotiations. Konecranes is looking to lay off workers in sales, engineering, order management and operations processes—a total of an estimated 15 employees.

Konecranes is, according to the statement, planning job cuts in an effort to improve profitability.

“These cooperation negotiations will take place due to the longstanding poor performance of the Engineer-to-Order (ETO) crane business and generally weak and uncertain market demand,” the company noted.

Konecranes has around 17,300 employees globally.