UPDATE 1-Alcoa to close two Spanish aluminium plants, cut jobs [Reuters]
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Source: Reuters
UPDATE 1-Alcoa to close two Spanish aluminium plants, cut jobs | Reuters 2 Min Read (Adds comment by the Spanish government, unions) By Robert Hetz MADRID, Oct 17 (Reuters) - Alcoa said on Wednesday it would close two of its three aluminium plants in Spain with a combined annual production of 180,000 metric tonnes, resulting in the lay off of almost 700 workers. The U.S. company said it was starting a consultation process with workers’ representatives and was committed to negotiating a social plan with unions. Negotiations begin on Oct. 31 and will last a maximum of 30 days, a spokesman for the workers’ union told Reuters. The closure plans would affect as many as 3,000 workers if indirect employment was taken into account, he said. The Aviles and La Coruna plants were two of the least productive due to intrinsic structural problems such as inefficient technology and high fixed costs, Alcoa said in a statement. “Those problems, together with external market factors such as overproduct
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