16.03.2016

Terex Port to cut 240 jobs

Terex is planning to cut 240 jobs at its Germany-based industrial crane and port divisions.

According to local press reports, the cuts are said to be caused by a decline in sales and the potential transfer of production to China. It is expected to affect four locations in Germany. Terex MHPS’ - formerly Demag Cranes, with offices in Uslar and Wetter (Ruhr) is expect to lose a total of 160 employees, while 80 more are set to be cut in Terex Port Solutions’ facilities in Dusseldorf (harbour cranes) and Central Wurzburg (straddle carriers).

The move follows 50 jobs cuts at Terex’s Dusseldorf branch last November.
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The cuts are expected to affect four locations in Germany