980 jobs gone as Alcoa closes 'no prospect' smelter

摘要

ALCOA, which is listed on both the Australian ASX and America's New York Stock Exchange, went to the market with the news in mid-February. The closures of the smelter, which employs roughly 500 workers, and the rolling mills, which employ about 480, followed a strategic review by Alcoa into its south east Australian operations dating back two years. The Point Henry smelter was placed under strategic review in February 2012 due to challenging market conditions, the producer told the NYSE.