Monday, January 9, 2012
Alcoa Mt. Holly employees can breathe a sigh of relief: Alcoa announced Monday morning that the company intends to curtail operations at three European aluminum smelters as part of a previously announced restructuring.
The restructuring will reduce the company’s global smelting capacity by 12 percent or 531,000 metric tons. Operations at Alcoa’s Portovesme, Italy, as well as La Coruña and Avilés, Spain, smelters are designated for curtailment, with the intended actions to be completed in the first half of 2012. The facilities are among the highest-cost producers in the Alcoa system.
Last week, Alcoa announced the permanent closure of the Company’s smelter in Alcoa, Tennessee, and two potlines at its Rockdale, TX, smelter.
“In today’s rapidly changing global economy, it is imperative to respond quickly to maintain competitiveness,” said Chris Ayers, Alcoa Executive Vice President and President, Alcoa Global Primary Products. “This decision was made after thorough analysis of all the possible alternatives. We are committed to working to find solutions that will minimize the impact on these communities and our workers there.”