Alcoa to Cut 13 Percent of its Work Force

By: AP
By: AP

PITTSBURGH – Aluminum producer Alcoa Inc. says it's cutting about 13 percent of its global work force and slashing spending and output due to the economic downturn.

The Pittsburgh-based company says 1,700 contractors also will be cut and that it's implementing a global salary and hiring freeze.

As a result of its actions, Alcoa expects fourth-quarter charges of between $900 million and $950 million. The company expects to report quarterly results Jan. 12.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
631 SW Commerce Pl. Topeka, Kansas 66615 phone: 785-272-6397 fax: 785-272-1363 email: feedback@wibw.com
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 37168399 - wibw.com/a?a=37168399
Gray Television, Inc.