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Profits up, but outlook for coming year has Graham talking workforce reduction

By Howard B. Owens

Lower oil prices could hurt Batavia-based Graham Corp. in the coming fiscal year, company officials say, so they're looking to trim the company workforce by 10 percent through a retirement incentive program.

The workforce reduction announcement was coupled with news that the publicly traded company posted $4.2 million in profits, up 80 percent from a year ago.

For the fiscal year, company revenue was up 45 percent to $14.7 million.

For more on this story, visit the Buffalo News.

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