KMT adapts cost base in KMT Precision Grinding business area
KMT has initiated codetermination talks regarding a reduction of the workforce by 80 persons, out of a total of 380 employees, in the KMT Precision Grinding business area, which will mainly affect employees of the subsidiaries KMT Lidköping and KMT UVA. The aim is for the codetermination talks to be concluded during the first half of 2007.The earnings trend for the KMT Precision Grinding business area was unsatisfactory in 2006. Order bookings declined by 25 percent, while sales remained largely unchanged. Operating profit declined by 76 percent. KMT earlier announced that measures would be