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Shares of the company extended their losses and were trading down moncler outlet online nearly 14 percent on the New York Stock Exchange.The crane segment, which has been moncler outlet battered by a prolonged moncler coats for cheap slowdown in construction activity, currently employs about 9,700 people and accounts for roughly about 85 percent of the company total business.The company will cut jobs in France, Portugal, China, India and at its Pennsylvania facility, crane segment president Eric Etchart said in a conference call with analysts.As of cheap moncler like it jackets wholesale Dec. 31, moncler jackets men 2007, Manitowoc had about moncler jackets outlet 10,500 employees across its business units, according to the company website.cut in backlog moncler outlet woodbury has left us with orders having shorter build and moncler outlet delivery times, and the moncler jacket online need to right size our employment levels, he added.Crane backlog at the end of 2008 was $1.9 billion, moncler jackets on sale down 34 percent buy moncler jackets toronto from its cheap moncler jackets year ago going to discount moncler outlet be the start of the decline for the company, analyst Paul Bodnar of Longbow Research said.Bodnar warned of more job cuts at the company as he moncler outlet kids does not see a recovery in the crane moncler coats for kids market for moncler jackets kids at least two years.The company had on Wednesday posted a quarterly loss, hurt by acquisition and other moncler coats cheap charges and maintained its forecast of a 20 percent drop in sales at its crane segment in 2009. The rate of decline in backlog is something to monitor, particularly discount moncler jackets as it relates to the company 2009 crane revenue outlook, which could prove to be aggressive, analyst Steven moncler jackets outlet online Song of Moncler Factory Outlet Macquaire Research Equities said in a note to clients.The company shares were down moncler jackets 13 percent at $5.96 in afternoon trade on the New York Stock Exchange. Official Moncler Outlet

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