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| July 11, 2008
Alcoa Electrical and Electronic Systems to Restructure Honduran and Mexican Operations Serving North American Auto Market
To Close El Progreso, Honduras Plant, Restructure Choloma, Honduras,
and Mexican Locations to Adjust Capacity to Demand
PITTSBURGH--(BUSINESS WIRE)--Alcoa (NYSE:AA) today announced that its Alcoa Electrical and Electronic
Systems (AEES) business has initiated a restructuring of its Honduran
and Mexican operations serving the North American auto market as a
result of continued market softness. In total, the workforce reduction
across the Honduran and Mexican operations will impact approximately
1,240 jobs as AEES adjusts capacity to economic and structural changes
in the North America light truck and SUV market demand.
Upcoming actions include the closure of its electrical distribution
(EDS) facility in El Progreso, Honduras, affecting approximately 700
employees, the layoff of approximately 40 workers at the Choloma wire
manufacturing facility in Honduras, and approximately 500 AEES
associates throughout its Mexico locations in Acuna, Ciudad Juarez,
Piedras Negras, and Torreon. AEES currently employs approximately 11,600
associates in Mexico and Honduras.
“The conditions in the North American
automotive market are well known,” said Jon A.
Jensen, AEES President for Light Vehicle Market and Operations-Americas. “The
entire market is facing difficulty. This action is a result of our
customers' significant volume reduction for several vehicle platforms
and in no way is a reflection on our workforce, which has done an
incredible job under very trying circumstances. Unfortunately, in order
to align our capacity with this redefined market demand and to improve
overall efficiency and competitiveness, we have had to make this very
difficult decision. We will work with the community and stakeholders to
try to minimize the impact as much as possible.
“We recognize the impact that this workforce
reduction will have on the lives of our employees, their families, and
the community,” said Jensen. “Full
severance, in addition to a combination of outplacement and transition
support services, will be made available to all affected employees.”
About AEES
Alcoa Electrical and Electronic Solutions is a world leader in the
design, development and production of high quality electrical and
electronic distribution systems for personal and commercial vehicles,
working with vehicle manufacturers and their sub-suppliers in the major
automotive centers in China, Japan, Asia, Europe and the United States.
Alcoa EES has approximately 40 locations in 13 countries and
approximately 25,500 associates around the world focused on its
customers.
About Alcoa
Alcoa is the world leader in the production and management of primary
aluminum, fabricated aluminum and alumina combined, through its active
and growing participation in all major aspects of the industry. Alcoa
serves the aerospace, automotive, packaging, building and construction,
commercial transportation and industrial markets, bringing design,
engineering, production and other capabilities of Alcoa's businesses to
customers. In addition to aluminum products and components including
flat-rolled products, hard alloy extrusions, and forgings, Alcoa also
markets Alcoa® wheels, fastening systems,
precision and investment castings, and building systems. The Company has
97,000 employees in 34 countries and has been named one of the top most
sustainable corporations in the world at the World Economic Forum in
Davos, Switzerland. More information can be found at www.alcoa.com
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