PITTSBURGH--(BUSINESS WIRE)--
Alcoa Corporation, a global leader in bauxite, alumina and aluminum, today announced that it plans to begin, on June 25, 2020, a formal process for the collective dismissal of employees at its San Ciprián aluminum facility in Spain.
On May 28, 2020, Alcoa launched an informal process with the workers’ representatives to discuss significant and unsustainable circumstances at the aluminum plant. The Company now intends to begin the formal 30-day consultation period with the Works Council to achieve the best possible outcome for the Company and its workforce.
The Company envisions a restructuring for the aluminum plant that retains a portion of the casthouse in operation. A collective dismissal could potentially affect up to 534 employees of the aluminum plant. No final decisions will be made until the mandatory, formal consultation process is complete.
The aluminum smelter has incurred significant and recurring financial losses, which are expected to continue.
The San Ciprián site has both an aluminum plant and alumina refinery. The San Ciprián alumina refinery is not affected by this formal consultation process.
About Alcoa
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina, and aluminum products, and is built on a foundation of strong values and operating excellence dating back more than 130 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since developing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability, and stronger communities wherever we operate. Visit us online on , follow @Alcoa on Twitter, and on Facebook at .
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