The Manitowoc Company says more than 500 jobs will be lost in Wisconsin when it moves its crane manufacturing operations out of the state.
The company plans to close the manufacturing facility in Manitowoc in stages beginning this year. Full closure is expected by the middle of next year.
WLUK-TV reports the company has not provided details on whether the 528 people affected will be offered jobs in Shady Grove, Pennsylvania where the crane manufacturing work will be moved.
Manitowoc Company estimates the move will generate annual pre-tax cost savings between $25 million and $30 million. The company's headquarters and some crane repair positions will remain in Manitowoc.
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