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Pittsburghbased Kennametal Inc. says it's cutting 1,000 jobs over the next 15 months, citing weak demand for the coalmining and gasdrilling cutting tools it makes. The company announced the cuts to its 12,000strong workforce on Monday, but didn't say what facilities will be affected.
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Factors Favoring Kennametal. ... Through these segments, the company serves a vast customer base in the farm machinery, highway construction, machine tools, coal mining, aerospace, oil and gas exploration, automotive, and quarrying end markets. Strengthening of businesses in the endmarkets served by the company has been and will continue ...