Cargotec aims to rebrand as Hiab
NewsCargotec is poised to rebrand to Hiab pending the demerger of Kalmar and potential sale of MacGregor.
Macgregor cuts back
Cargotec has announced a reduction in its workforce at MacGregor Hatlapa’s Uetersen plant in Germany in response to “weak market demand”
The plant is the original facility for Hatlapa shipping winches and other deck, vessel and offshore gear, which Cargotec acquired in 2013.
“The market situation has deteriorated due to the low oil price and low number of new merchant ship orders. Ensuring competitiveness in the long-term over the current market cycle requires constant development of MacGregor's operations globally.
"MacGregor is planning to start capacity adjustment measures which are estimated to have an impact on approximately 100 employees at MacGregor Hatlapa GmbH & Co. KG in Uetersen by the end of 2015. The target is to reach annual savings of EUR 7 million as of 2016.
"MacGregor Hatlapa continues to deliver winches, steering gear and compressors and serve its customers with the same commitment and customer focus as it has been recognised for over the years.
"The initiated measures are estimated to create restructuring costs of EUR 5 million in 2015” Cargotec said in a statement.
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