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 26
persons at most. Details of the reductions will be decided by the end of
February 2010. During the negotiations the parties also agreed on temporary
layoffs which can be made up until May 31, 2011. The extent of the temporary
layoffs will depend on the company's work load. The permanent and temporary
layoffs will affect all personnel groups. 

Konecranes Service Corporation started statutory negotiations on January 5,
2010. The aim was to adjust the company's cost structure and capacity to the
current, weaker market situation and to secure future competitiveness. 

Konecranes Service Corporation employs 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:
Miikka Kinnunen, Director, Investor Relations, Konecranes Plc
e-mail: Miikka.kinnunen@konecranes.com or phone +358 427 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 2009, Group sales totalled EUR 1,671 million. The Group has 9,800
employees, in 545 locations in 43 countries. Konecranes is listed on NASDAQ OMX
Helsinki Ltd (symbol: KCR1V).