The largest US aluminium maker, Alcoa, announced Tuesday
that it would cut its global workforce by 13,500 jobs, or 13 per cent, by the
end of the year amid the widening recession, dpa
reported.
Alcoa will also slash an additional 1,700 contractor positions. The company
will be cutting production, lowering its annual smelting capacity by 750,000
metric tons, or about 18 per cent.
"These are extraordinary times, requiring speed and decisiveness to
address the current economic downturn, and flexibility and foresight to be
prepared for future uncertainties in our markets," said Alcoa CEO Klaus
Kleinfeld.
He said the "wide-ranging set of aggressive, but prudent, measures"
were being taken to ensure Alcoa's competitiveness in challenging economic
times.
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