Kennametal plans to close three to five plants and reduce costs by $100 million. "Kennametal to Close Facility, Slash Jobs as Part of Cost-Cutting Plan," at 5:16 p.m. ET on Jan. 14, incorrectly said the company planned to cut its head count by 20%, close six plants and reduce costs by $200 million.
(END) Dow Jones Newswires
January 15, 2025 14:10 ET (19:10 GMT)
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