Thursday, July 1, 2010

Alcoa (NYSE:AA) Lays Off Indiana Workers on Slowing Demand

Demand for aluminum continues to fall, and Alcoa (NYSE:AA) has responded by laying off another 40 workers, this time at their Lafayette, Indiana plant.

The layoffs at the plant will be effective Monday.

Together there will a total loss of 65 jobs though, as another 25 workers were offered a retirement incentive package which they made the decision to accept.

Alcoa spokeswoman Jean Moorman said cutting the jobs were necessary because of declining orders form their customers.

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