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Mittwoch, 7. Januar 2009

Alcoa to slash 13,500 jobs

Alcoa to slash 13,500 jobs to save money
Moves cuts 13 percent of global work force, lower production
PITTSBURGH - Aluminum producer Alcoa Inc. is cutting roughly 13 percent of its global work force by the end of the year as it slashes costs in the face of a deteriorating world economy.

The elimination of 13,500 jobs, along with deep production and spending cuts, follow cost-saving measures unveiled by the Pittsburgh-based company last fall. At that time it reported a 52 percent decline... more details at MSNBC here....

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