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In July 1940, Kennametal of Canada Ltd. was organized for the purpose of "manufacturing Kennametal, the new steel cutting carbide, for Canada and British dominions." [7] In November 1940, United States Steel Export Company reached an agreement to sell Kennametal tools, tool blanks, drawing dies and other Kennametal products in foreign markets. [8]
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The company is going for restructuring, and hence the 1200 job cuts at Kennametal are being justified as a part of this restructuring exercise. Other news about Kennametal layoffs: The company had plans to layoff 1,125 employees. But the company has ended up firing 1,380 employees, or about 30 percent of its total workforce.
Here at The Motley Fool, I've long cautioned investors to keep a close eye on inventory levels. It's a part of my standard diligence when searching for the market's best stocks. I think a ...
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The 10-second takeaway For the quarter ended March 31 (Q3), Kennametal missed estimates on revenues and missed estimates on earnings per share. Compared The Gory Details on Kennametal's Double Fumble
In 2007, Russel acquired JMS Metal Products, a U.S. metals distributor, for $125 million. [7] In 2009, the company experienced significant losses as part of the great recession and laid off 500 of its 3,000 employees. [8] In 2012, the company acquired Apex Distribution, a Calgary-based metals distribution business focusing on the oil and gas ...
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