With an aluminum market weighed down by surpluses, Alcoa Inc. and Rio Tinto Alcan are postponing billions in upgrade and expansion plans to their smelters in Quebec. While some 750 Rio Tinto Alcan employees will get to keep their jobs longer, 500 Alcoa workers will be pushed into early retirement. Alcoa is deferring by three … Continue reading
Two trade union leaders braved wind and rain atop a 60-meter high tower at Alcoa’s smelter in Sardinia in a protest aimed at slowing down the U.S. aluminum producer’s closure of the troubled plant. http://www.reuters.com/article/2012/09/13/us-alcoa-italy-idUSBRE88C0XM20120913
Americans at the top and bottom of the income scale are benefiting most from the jobs recovery while those in the middle are getting left behind. Employees making above-average wages, like doctors and energy-industry workers, and those at the other extreme, including home-health aides and restaurant staff, have seen outsized gains in hiring since the … Continue reading
ALCOA is offering workers at its Geelong plant massive pay packets to help set up a new cut-price smelter in Saudi Arabia. It comes as the multinational is reviewing the viability of its Point Henry plant, and the jobs of the 600 workers there, with a final decision on whether it will close due in … Continue reading