Cargotec’s MacGregor Cuts 220 Jobs

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.

Share this article

Follow Subsea World News

Events>

<< Apr 2020 >>
MTWTFSS
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 30 1 2 3

9th Annual Submarine Power Cable and Interconnection Forum

This year’s Advance Submarine Power Cable and Interconnection conference will focus on the cutting edge thinking that is emerging across…

read more >

The 24th Annual PNEC Conference & Exhibition

The 24th annual PNEC Conference and Exhibition  will bring together the industry thought leaders and technology providers that enable the management…

read more >

OWI APAC 2020

Over the two-day conference, 30 expert speakers will share exclusive insight to help drive well work efficiencies through innovative…

read more >

M&CCE Expo Marine & Coastal Civil Engineering 2020

This conferences, events, demos, and competitions provide a productive background buzz throughout M&CCE…

read more >