Daily Traders Edge

The Wall Street Journal: Kennametal to cut 1,000 jobs, cut global costs

August 01
22:38 2016

Industrial toolmaker Kennametal Inc., hard-hit by a deep slump in the coal and oil industries, plans to cut 1,000 jobs and increase cost-cutting “substantially” in North America, Europe, Middle East and Africa following its second-straight year of losses.

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