Friday, April 30, 2010

Alcoa (NYSE:AA) Continues Cutting Jobs

To increase productivity and safe costs, Alcoa (NYSE:AA) continues to cut jobs across the world to meet their goal of increasing productivity by 5 percent.

The latest cuts come at the Portland smelter of the company, where they're getting rid of 40 jobs.

According to Australian Workers Union state secretary Cesar Melhem, Alcoa has cut over 100 workers and contractors over the last year and a half.

Alcoa has resisted just cutting hours and has chosen the elimination of jobs as their strategy for increased productivity.

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