Roy
Blacksmith technique is
start by forging the hole the "correct" shape
then heat it to red hot
stretch it with a shaped chisel type tool
push the other jaw through
reheat to red
forge the stretched eye back to shape
make hole for pin
Video of the blacksmith method here
**LINK**
Industrial techniques will be basically the same but adapted to series production. I suspect the apparent lack of metal to expand the hole in you CK pliers is due to grinding down to size after the pliers have been made.
The bit I really don't get is how they manage a precise fit in the hole with just enough clearance for operation but not so much that the jaw wobbles sideways.
Clive