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Cargotec begins Interschalt restructuring

Cargotec is to begin restructuring at maritime software provider Interschalt, following its acquisition of the company earlier this year.

{mprestriction ids="1,2"}The re-organisation will impact personnel in Germany, the USA (Houston) and China (Shanghai), with some of Interschalt’s production and design work to be discontinued or outsourced, and some of its locations closed.

Dozens of employees are expected to be impacted out of a global workforce of 223 people, with some employees to be offered a transfer to other locations within Cargotec’s group companies, Kalmar and MacGregor.

Cargotec says it aims to finalise negotiations by the end of 2016 and have the resulting changes completed during 2017, with the aim of subsequently saving €2 million per annum.

Cargotec’s acquisition of Interschalt was announced in January 2016 and completed in March. Since then, the software business has been consolidated into Kalmar’s software business unit Navis, and Interschalt’s services business has been consolidated into MacGregor.

“In order to maintain profitability and to ensure effective and consistent operational processes, consolidation is needed in terms of locations, personnel and product portfolio,” explained Patrik Sjöblom, Kalmar.

“We understand that this is challenging times for Interschalt’s personnel. However, we must make sure that we continue to sustain our leading position also in the future by being able to invest in product development.”

Cargotec’s sales in 2015 totalled approximately €3.7 billion, with the group employing more than 11,000 people.{/mprestriction}

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