GREENFIELD, MA (FRANKLIN COUNTY NOW) — According to a report at MarketWatch.com, Kennametal plans to close its facility in Greenfield as part of an effort to cut $200 million in costs.

The tool manufacturer intends to close its Greenfield facility and consolidate two sites in Spain into a single location. The Greenfield facility is expected to stop operating in April and close by the end of the year.

Franklin County Now will update this story as more details are announced.