Cargotec faces US$34.6 million quarterly special restructuring costs

FINLAND's Cargotec is to book EUR26 million (US$34.6 million) in special costs following restructuring, which began in October 2012 to allow for each of its three businesses to hold responsibility for operations and decisions.

The cargo handling equipment maker Cargotec finished off negotiations and layoffs at a cost of EUR19 million to create savings of EUR30 million for 2013.