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  • Alcoa announces job cuts, plant closings

    11/22/2006 5:39:38 AM PST · by Hydroshock · 14 replies · 626+ views
    Cnn ^ | 11-21-06
    NEW YORK (Reuters) -- Aluminum producer Alcoa Inc. announced a restructuring of its product operations on Tuesday that will include plant closings and could ultimately result in a 10 percent reduction of its worldwide work force. About 6,700 jobs will be cut in the next year and a further 6,400 jobs will be moved into a joint venture with Norway's Orkla ASA with the intent eventually to spin it off, the Pittsburgh-based company said. Video More video Learn how to assess what health care plan is perfect for your family. (Part 2 of 2) Play video The restructuring program is...