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People & Business :: People/Executives
Alcoa Cuts Production, Workforce
10:26 AM MST | January 13, 2009
Alcoa (Pittsburgh) says it will curtail production and cut 13,500 jobs, about 13% of its global workforce, to save money and reduce costs amid the economic downturn. Smelting output will be reduced by 750,000 m.t./year, and alumina production will be reduced to a total of 1.5 million m.t./year in response to market conditions, Alcoa says. Curtailments will be fully implemented by the end of the first quarter, Alcoa...
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