Cargotec to Axe 220 Jobs at MacGregor

Cargotec to Axe 220 Jobs at MacGregor

Finnish cargo-handling machinery maker Cargotec plans to lay off around 220 employees at its subsidiary MacGregor, justifying the decision by the weakening offshore and merchant shipping market.

MacGregor, which specializes in the construction of marine and offshore cargo-handling equipment, saw a dip in the number of orders due to the low oil price and low number of new merchant ship orders, Cargotec said in a release.

MacGregor is also planning to reduce the use of external workforce. Cargotec expects to save EUR 20 million annually through these layoffs and contract cancellations.

The countries where the impact of the planned measures is estimated to be biggest are Sweden, Singapore and Norway.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >