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Key Technology Announces Cost Reduction Initiatives

2014-06-26 06:00:00| Industrial Newsroom - All News for Today

WALLA WALLA, Wash. – Key Technology, Inc. (NASDAQ: KTEC), a worldwide leader and full-solutions provider in the design and manufacture of process automation systems, announced today that it is taking cost reduction initiatives during the third quarter of its fiscal 2014 that include a planned reduction of approximately 8% of its global workforce. Company earnings for the third quarter of fiscal 2014 will be adversely affected by an estimated pre-tax charge of approximately $1.2 million ...

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