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Kennametal announces restructuring plan

Fasken
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Overview

Client

Confidential Client

On April 24, 2008, industrial toolmaker Kennametal Inc. detailed a restructuring plan to save up to $25 million a year by closing manufacturing plants and eliminating almost three percent of its work force within 18 months. Gary Fogler of Fasken Martineau advised Kennametal on the restructuring of its Canadian and international affiliates.

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