logo
Plus   Neg
Share
Email

Alcoa Extends Formal Consultation Period Regarding San Ciprin Aluminum Plant

Alcoa (AA) has reached an agreement with the workers' representatives for the San Ciprin aluminum plant in Spain to extend the deadline of the formal consultation period for collective dismissal to September 28, 2020. This includes a process to evaluate a potential sale of the aluminum plant to GFG Alliance. The formal consultation period began on June 25, 2020.

Alcoa said a potential sale would include the 228,000 metric tons per year smelter and
the casthouse. The aluminum facility will continue to operate during the sales
evaluation process.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
CVS Health Corp. is hiring 15,000 employees across the U.S. in the fourth quarter to better equip them to tackle the anticipated rise in COVID-19 and flu incidences during the fall and winter months. This is in addition to the recruitment announced in March to fill 50,000 new full-time, part-time and temporary roles across the country in support of the company's response to the pandemic. Ireland's Data Protection Commissioner or DPC, the European Union's main data privacy regulator, is investigating Facebook over its handling of millions of children's personal data on Instagram, reports said. The agency has started two separate inquiries regarding information that email addresses and phone numbers of users under 18 were made public by the Facebook-owned app. ConocoPhillips (COP) and Concho Resources (CXO) announced Monday that they have entered into a definitive agreement to combine companies in an all-stock transaction valued at $9.7 billion. The transaction creates a company with an approximately $60 billion enterprise value and a combined resource...
Follow RTT