Kennecott said it couldn't offer any details beyond Thursday's statement."While still in the early stages of recovering from the impacts of the slide, Kennecott is looking ahead at plans for how to adapt to a 50 percent decrease in production this year," the company said.
Kennecott Announces Layoffs After Landslide
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.