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Alcoa closing Ohio plant, cutting 140 jobs
Pittsburgh Business Times ^ | 08/17/2004

Posted on 08/17/2004 2:43:36 PM PDT by Willie Green

For education and discussion only. Not for commercial use.

Alcoa Inc. will close an automotive components factory in Ohio and lay off its staff in a bid to cut excess capacity, the Pittsburgh-based company said Tuesday.

Alcoa said it would close the Northwood, Ohio, facility by the end of 2004 and take a total of $7 million in charges related to the move. Closing the plant will put 140 people out of work.

Alcoa, the world's largest aluminum producer but also a manufacturer of other goods, said it would record $3 million of the charges in the third quarter.

"Unfortunately, the excess capacity in our system and the specific capabilities of this facility made this move necessary," vice president of operations and engineering for Alcoa Advanced Transportation Systems Eric Winter said Tuesday afternoon.

"We are working with our customers to insure supply and service is not impacted during this consolidation," Mr. Winter added.

Alcoa said it would work with community and Ohio officials to ease the impact of the plant's closing. Those steps could include finding a buyer for the facility that could retain jobs, but Alcoa did not provide details.

Employees who lose their jobs will receive outplacement packages, including severance pay and benefits extensions.


TOPICS: Business/Economy; Culture/Society; US: Ohio
KEYWORDS: alcoa; globalism; layoffs; manufacturing; residentbushbasher; thebusheconomy

1 posted on 08/17/2004 2:43:36 PM PDT by Willie Green
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To: Willie Green

Prozac alert!


2 posted on 08/17/2004 2:50:43 PM PDT by Uncle Miltie (Truth : Liberal as Kryptonite : Superman)
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To: Brad Cloven
We just hired a guy in a newly created position last week. We're looking for some other people now.

But we didn't put that news in the paper so Willie missed it.

3 posted on 08/17/2004 2:53:36 PM PDT by narby (Kerry: I was actually in Cambodia, before I was near it.)
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To: Willie Green

And these 140 people can never find another job or start their own business because?????


4 posted on 08/17/2004 2:53:40 PM PDT by isthisnickcool (Strategery - "W" plays poker with one hand and chess with the other.)
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To: isthisnickcool

I do wonder why it seems like every company that has plants in several states, one of which is Ohio, always closes the one in Ohio.


5 posted on 08/17/2004 2:54:33 PM PDT by RockinRight (Liberalism IS the status quo)
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To: isthisnickcool

Why do i get the feeling these jobs are going to China.
China is now importing cars in the U.S. I would never let China do that. They'll dump the cars in here and it will be the end of GM, Chrysler and Ford.


6 posted on 08/17/2004 2:56:14 PM PDT by Lori675
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To: RockinRight

so Crosby,Stills,Nash , and whoever is still alive can
sing a song about it...
"...400 laid off in O-hi-O"....


7 posted on 08/17/2004 2:57:03 PM PDT by Rakkasan1 (Justice of the Piece:Kerry/Edwards...so full of crap they need two Johns.)
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To: Willie Green
Alphi to Expand in Mid-Michigan, Create 88 New Jobs
Cleveland Co. sites targeted for combined 220 new jobs


Trader tower in Norfolk will bring 500 new jobs


Easley Announces 300 New Jobs In Triangle

8 posted on 08/17/2004 2:58:13 PM PDT by So Cal Rocket (Fabrizio Quattrocchi: "Adesso vi faccio vedere come muore un italiano")
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To: isthisnickcool

Because federal policies are hostile to domestic business development.


9 posted on 08/17/2004 2:59:01 PM PDT by Willie Green ( Never underestimate the power of stupid people in large groups.)
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To: Lori675

Crap! Our plot to relocate aluminum manufacturing to China has been foiled again.


10 posted on 08/17/2004 3:06:16 PM PDT by Starstruck
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To: Willie Green
Alcoa closing Ohio plant, cutting 140 jobs

OK children, quiz time, from teacher Sally Slut at Anwhere, USA public school system:

As we know, students, President Bush is evil and kills jobs. Our quiz today is about history.

Q1: What evil president created the automobile and ended jobs for the horse and buggy workers?

Q2: What evil president created the jet airplane and ended jobs for many train workers?

Bonus Essay: Describe how Al Gore inventing the Internet hepled create millions of new jobs.

11 posted on 08/17/2004 3:12:55 PM PDT by Dont_Tread_On_Me_888
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To: Rakkasan1

If shutting down plants is such a hoot for guys like you as you ship jobs to China, Why don't you pack and move to China? If their money is good, perhaps you'd better like their government ethic. Afterall, ethics and business don't mix with your sort..


12 posted on 08/17/2004 3:34:56 PM PDT by Havoc (.)
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To: Havoc

I wish I did have the power to "ship jobs" anywhere.
alas, I do not.
I hear Lou Dobbs does, though.


13 posted on 08/17/2004 3:53:18 PM PDT by Rakkasan1 (Justice of the Piece:Kerry/Edwards...so full of crap they need two Johns.)
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To: narby

Bulletin: Thousands of advertisements for open positions appeared in Sunday's newpaper. Details at 11:00.


14 posted on 08/18/2004 7:27:18 AM PDT by Uncle Miltie (Truth : Liberal as Kryptonite : Superman)
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