MANITOWOC, Wis. (AP) -- The Manitowoc Co. is cutting about 2,100 jobs in its crane division because of the weak construction market.
The company says the cuts will be made in France, Portugal, China, India and Pennsylvania and account for about 22 percent of the division's workforce.
The division accounts for about 85 percent of the company's business.
Manitowoc Co. president and CEO, Glen Tellock, says it has been one of "the most difficult financial markets the modern world has ever experienced."
Manitowoc expects a 20 percent drop in crane division sales in 2009.
