INJURED EMPLOYEE WAS WORKING INSIDE A MANLIFT BASKET WITH A CO-WORKER. AS THE OPERATOR WAS RAISING THE BASKET HIGHER INTO THE BUILDING STRUCTURE, INJURED EMPLOYEE BECAME PINCHED BETWEEN THE T OP GUARDRAIL OF THE MANLIFT BASKET AND A HORIZONAL PIECE OF STRUCTURAL STEEL. WHEN OPERATOR REALIZED HIS CO-WORKER WAS CAUGHT BETWEEN, HE IMMEDIATELY LOWERED THE BASKET RELEASING CO-WORER.