Kennametal Closes

Details

Created on Wednesday, 26 March 2014 13:45

Written by Adam Donnelly

LYNDONVILLE- "Kennametal informed its employees and other appropriate parties yesterday that it has made the decision to close the Lyndonville facility.

This decision is directly related to our marketplace, and changing requirements to serve our customers competitively, including the need to rebalance manufacturing and logistics in response to new demand patterns within the U.S.The decision to close the facility was a very difficult one and we understand the effect it will have on our employees. We are committed to working closely with the Local 5518 and government officials to make necessary resources available to them to ensure a successful transition to new opportunities."

 This, an official statement from the Kennametal plant in Lyndonville stating that they now will be closing down their plant. The discussion to close the plant had been in the works for a couple of week.

Discussions included the closure of the plant, and the relocation of the facility to other Kennametal operations that have the production capacity for the business.

Christina Sutter, the Corporate Communication Manager for Kennametal said, "The plan would generate approximately $2.2 million in annual savings to the company, and has nothing to do with the hard working individuals of the Kennametal Lyndonville workforce."

Sutter went on to say that, "We expect the last day of production to be on or about June 30, 2014."