The Manitowoc Company curtails business in Russia (NYSE:MTW)

Manitowoc has stopped taking new orders for cranes in Russia.Manitowoc has about 20 staff in Russia. Gross sales to Russia represented lower than 2% of the corporate's whole gross sales since 2021."Whereas doing our greatest to assist our native workforce members, we now have and can proceed to adjust to all sanctions and conduct our …

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Manitowoc has stopped taking new orders for cranes in Russia.

Manitowoc has about 20 staff in Russia. Gross sales to Russia represented lower than 2% of the corporate’s whole gross sales since 2021.

“Whereas doing our greatest to assist our native workforce members, we now have and can proceed to adjust to all sanctions and conduct our enterprise in accordance with all relevant legal guidelines. The protection and well-being of our staff and their households are our high priorities,” president/CEO Aaron H. Ravenscroft stated in a information launch.

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