Spain: Alcoa to cut production in Spain and Italy
Activity scaled back at 3 aluminium plants
http://www.ansamed.info/ansamed/en/news/sections/economics/2012/01/10/visualizza_new.html_42417947.html
Wednesday 11 January 2012
(ANSAmed) - MADRID, JANUARY 10 - U.S. multinational Alcoa has notified the unions of a "partial and temporary" production cut at its Spanish factories in La Coruna and Aviles as well as its facility in Portovesme, where soon it will begin a brief period of meetings before closing it definitively. The news came from union sources cited today by the Spanish press. At the Galician factory in La Grela (La Coruna), the group plans to "cut production by half" at the site, which employs 430 workers, informed the president of the union committee at the factory, Nazario Arias. In a statement, the group, headquartered in New York, announced its intention to cutback on production at its three aluminium plant in Europe as part of its overall restructuring plan, which will reduce overall production by about 12% in the first half of 2012, equivalent to 531,000. In Europe a cut amounting to 240,000 tonnes of aluminium production is expected, 5% of the total, including 150,000 at the Italian facility and 90,000 at the two Spanish plants.
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