Cargotec - Company Announcement

Cargotec plans to adjust operations

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 2 OCTOBER 2012 at 10 a.m. (EEST)

To strengthen its three business areas' leading position, Cargotec announced in
September that it will develop its governance model towards an organisation
driven by three business areas Marine, Terminals and Load Handling. The role of
Cargotec's global support functions and corporate functions is planned to be
restructured towards a holding type of company structure to enable more
independent businesses.

In order to adjust to the new operating model and to improve Cargotec's
profitability, Cargotec starts employee cooperation negotiations about possible
reduction of work force with the entire personnel. According to Cargotec's
initial estimate, the planned measures could result in the reduction of
approximately 245 man-years globally of which 130 in Finland, 35 in Sweden and
80 in other countries. In the other countries possibly affected, the plans will
be communicated and negotiated locally. The planned measures could also result
in changes in work duties as well as transfers from duties to other ones in all
personnel groups.

Further information for the press:
Mikael Mäkinen, President and CEO, tel. +358 20 777 4100
Anne Westersund, Vice President Communications and Marketing, tel: +
358 20 777 4460

Further information for investors:
Eeva Sipilä, Executive Vice President, CFO, tel. +358 20 777 4104



Cargotec improves the efficiency of cargo flows on land and at sea - wherever
cargo is on the move. Cargotec's daughter brands, Hiab, Kalmar and MacGregor are
recognised leaders in cargo and load handling solutions around the world.
Cargotec's global network is positioned close to customers and offers extensive
services that ensure the continuous, reliable and sustainable performance of
equipment. Cargotec's sales totalled EUR 3.1 billion in 2011 and it employs
approximately 10,500 people. Cargotec's class B shares are quoted on NASDAQ OMX
Helsinki under symbol CGCBV. www.cargotec.com




[HUG#1645639]