Cargotec is laying off some 220 employees globally at its MacGregor business, in order to respond to the weakening market situation due to the low oil price and low number of new merchant ship orders.
The countries where the impact of the planned measures is estimated to be biggest are Sweden, Singapore and Norway.
MacGregor employs globally approximately 2,750 persons in 33 countries, with the biggest number of personnel in Norway 630, Germany 460, China 350 and Sweden 300.
According to Cargotec, the initiated measures are estimated to create restructuring costs of EUR 5 million in 2015.