Cargotec Corporation, Press Release, January 12, 2009 at 2:00 p.m.
Finnish time


Due to the uncertainty of the global materials handling equipment
market and decline in demand, Cargotec has today announced the start
of new employee cooperation negotiations about temporary layoffs,
reductions and cost savings in its units in Raisio and Tampere in
Finland. Cargotec plans to adjust the production capacity and
operations mainly by planned temporary layoffs affecting all
employees in these units, a total of about 900 persons, for a fixed
period of maximum of 90 days. Planned measures of permanent layoffs
affecting some 60 people in Tampere will also be negotiated.

The new measures are an addition to Cargotec's previous global
restructuring measures. The actions taken now are needed in order to
adjust production capacity to the declining demand of Hiab and Kalmar
products.

Cargotec employs some 1,700 employees in Finland.


For more information please contact:

Tampere: Jorma Tirkkonen, Director, Container Crane Systems
tel. +358 (0)3 265 8202

Raisio: Kalevi Nurmi, VP, Hiab Segment Business
tel.  +358 (0)204 55 2210

Minna Karhu, Vice President, Corporate Communications
tel. +358 (0)204 55 4630, mobile +358 (0)40 532 0007

More information for the investors:

Paula Liimatta, IR Manager
Tel. +358 (0)204 55 4634


Cargotec improves the efficiency of cargo flows by offering handling
systems and the related services for the loading and unloading of
goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global
market leaders in their fields and their solutions are used on land
and at sea - wherever cargo is on the move. Extensive services close
to customers ensure the continuous usability of equipment. Cargotec
is the technology leader in its field, its R&D focusing on innovative
solutions that take environmental considerations into account.
Cargotec's sales exceed EUR 3 billion and the company employs
approximately 12,000 people. Cargotec's class B shares are quoted on
the NASDAQ OMX Helsinki.

www.cargotec.com


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