Alcoa May Slash Output, Jobs at Canadian Plant

Summary

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PITTSBURGH - Alcoa Inc., the largest U.S. aluminum producer, said Monday it will curtail production and lay off 275 workers at a smelter in Canada if employees there don't agree to a 15 percent pay cut.

Alcoa has been hit particularly hard by the global economic slowdown, which has hammered demand and prices for the lightweight metal used in products ranging from cars to soda cans. Last week, the company reported its second consecutive quarterly loss despite recent production cuts and plans to trim its global work force by 13 percent.

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Alcoa May Slash Output, Jobs at Canadian Plant

Negotiations are continuing between Pittsburgh-based Alcoa and a union that represents the roughly 1,000 workers at t...

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