Alcoa considering layoffs at Spanish plant
2020-05-29 14:50:49 [Print]
Alcoa said on Thursday it is considering laying off up to 534 workers from its San Ciprian aluminum plant in the Spanish region of Galicia, though a final decision has not yet been made.
High energy costs and low aluminum prices led to persistent losses and left the plant unable to compete internationally, the company said in an emailed statement.
Workers representatives will meet with Alcoa's management for three weeks of talks to discuss what challenges the plant faces and the options available.
"No decision will be taken until this consultation period has finished," Alcoa said.
Including contractors and employees, San Ciprian's workforce totals around 2,000 people.
High energy costs and low aluminum prices led to persistent losses and left the plant unable to compete internationally, the company said in an emailed statement.
Workers representatives will meet with Alcoa's management for three weeks of talks to discuss what challenges the plant faces and the options available.
"No decision will be taken until this consultation period has finished," Alcoa said.
Including contractors and employees, San Ciprian's workforce totals around 2,000 people.
Aluminum Alloy ADC12 FOB China
Unit:USD/mt
China secondary aluminum alloy producers' inventory statistics by province by month
Unit: mt
