STATUTORY NEGOTIATIONS COMPLETED AT KONECRANES SERVICE CORPORATION IN FINLAND

Statutory negotiations completed at Konecranes Service Corporation in Finland

The statutory negotiations have now ended at Konecranes Service Corporation in
Finland. Konecranes Service Corporation will make a permanent reduction of 10
persons. Details on the reductions will be decided within the next two weeks.
During the negotiations the parties also agreed on temporary layoffs, and the
extent of these will depend on the company's work load. 

Konecranes Standard Lifting Corporation and Konecranes Service Corporation
started statutory negotiations on March 18, 2009 and Konecranes Heavy Lifting
Corporation on May 18, 2009. The aim was to adjust the companies' cost
structure and capacity to the current, weaker market situation and to secure
future competitiveness. The statutory negotiations within Konecranes Standard
Lifting Corporation and Konecranes Heavy Lifting Corporation continue. 

Konecranes has already adjusted its capacity through various arrangements, for
example by reducing the use of hired personnel and temporary employment. In
addition, the company has shifted subcontracting back to in-house production. 

Konecranes Service Corporation employs about 590 persons, Konecranes Standard
Lifting Corporation about 460 persons and Konecranes Heavy Lifting Corporation
about 620 persons in Finland. 

Additional information:
Press
Kari Åkman, Managing Director, Konecranes Service Oy
e-mail: kari.akman@konecranes.com or phone +358 427 4040

Investors and Analysts:
Sanna Päiväniemi, IR Manager
E-mail: sanna.paivaniemi@konecranes.com or phone +358 20 427 2050

Konecranes is a world-leading group of Lifting Businesses™, serving a broad
range of customers, including manufacturing and process industries, shipyards,
ports and terminals. Konecranes provides productivity-enhancing lifting
solutions as well as services for lifting equipment and machine tools of all
makes. In 2008, Group sales totaled EUR 2,103 million. The Group has 9,600
employees, at 485 locations in 43 countries. Konecranes is listed on the NASDAQ
OMX Helsinki Ltd (symbol: KCR1V).