Alcoa

Type
Internal restructuring
Country
World
Region
Location of affected unit(s)
Seixal (Portugal), Swansea (United Kingdom), other locations
Sector
Manufacturing
(24 - 25) Manufacture of metals
24 - Manufacture of basic metals
24 - Manufacture of basic metals
6,700 jobs
Number of planned job losses
Job loss
Announcement Date
22 November 2006
Employment effect (start)
1 January 2007
Foreseen end date

Description

Alcoa, the US multinational aluminium manufacturer, announced on 22/11/2006 a staff reduction of 6700 employees worldwide to take place in 2007. In Europe, the company will close its facilities in Seixal (Portugal) and Swansea (UK) with the loss of 700 jobs.

Citation

Eurofound (2006), Alcoa, Internal restructuring in World, factsheet number 64756, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64756.