May 09, 2014

Alcoa announces $10 million funding for Geelong and Yennora


Alcoa today confirmed a $10 million contribution to the Geelong and Yennora communities to help stimulate new jobs and fund training programs in the regions.
 
Alcoa today confirmed a $10 million contribution to the Geelong and Yennora communities to help stimulate new jobs and fund training programs in the regions. This follows Alcoa’s announcement in February that it will permanently close its Point Henry smelter and rolling mill in Geelong and its Yennora rolling mill and recycling facility in New South Wales.

Alcoa of Australia Managing Director Alan Cransberg said Alcoa was following through on its commitment to support employees at Point Henry and Yennora as they transition through the changes they face this year.

“Alcoa has been an integral part of the Geelong and Yennora communities for more than 50 years and all parties have benefitted from this long term relationship. It is important we support them as they transition into a new phase,” Alan said.

“By committing substantial funding to the following projects we will help create more jobs as well as equip our employees with the skills and support they need to secure sustainable alternative employment in the region.”

$5 million into the Geelong Region Innovation and Investment Fund (GRIIF)
GRIIF supports innovative job creation projects that strengthen and diversify Geelong’s regional economy and employment base. These new projects will help the Geelong economy by creating sustainable jobs in the region following the closure of the Point Henry Smelter and Rolling Mill.

GRIIF was established by the Australian and Victorian Governments and Ford Australia in response to the announcement that Ford will cease its vehicle and engine manufacturing operations in Australia from October 2016.

$4 million to ongoing skills and training programs for Alcoa employees in Geelong and Yennora
Alcoa commenced implementation of these programs immediately after the closure announcement. The funding will ensure this program continues to help Alcoa employees find new employment. The training package comprises three elements: career transition, which includes one-on-one career counselling; direct sponsored short-term courses, which involves Alcoa-organised training; and financial support for employees to undertake their own accredited training.

$1 million to the Yennora community
 
Ends
 
Media contact: Nichola Holgate, Communications Manager: 0409 036 948, nichola.holgate@alcoa.com.au