Printer Friendly Version
In addition to www.alcoa.com, Alcoa is an active participant in and uses social media to communicate information about the company. Facebook, Twitter, YouTube and LinkedIn are powerful tools that allow us to connect with our customers, investors, potential employees and fans.
Alcoa on Facebook
Alcoa on LinkedIn
Alcoa on Twitter
AlcoaTV on Youtube
May 13, 2003
AFL Automotive to Restructure Mexican Operations
PITTSBURGH--(BUSINESS WIRE)--May 13, 2003--Alcoa today announced
that its Alcoa Fujikura Ltd. (AFL) Automotive operations will
restructure its operations in Ciudad Acuna and Torreon, Coahuila,
Mexico in order to maintain competitiveness within the overall North
American light and heavy vehicle marketplace.
As a consequence it is necessary to permanently reduce
approximately 1,700 positions in Ciudad Acuna and 2,550 positions in
Torreon. The reorganization is expected to be completed by July 31,
2003 and is part of Alcoa's previously announced (January 8, 2003)
fourth quarter 2002 restructuring program.
The AFL Automotive manufacturing operations in Piedras Negras will
also be affected by a reorganization. However, due to the anticipated
startup of a new production line there, affected associates in Piedras
Negras will continue to work by attending special training programs.
AFL Automotive's Ciudad Acuna, Torreon and Piedras Negras
operations, which currently employ approximately 24,000 associates
(approximately 11,000 in Ciudad Acuna; 8,400 in Torreon; 4,600 in
Piedras Negras), produce electrical distribution systems and other
products for the North American light and heavy vehicle markets.
Including three other locations not directly affected by the
reorganization, AFL Automotive employs approximately 30,000 people in
Jose Alvarado, AFL Automotive - Mexico Vice-President, said, "This
difficult decision is the result of overall market conditions. The
North American light vehicle market is extremely competitive and we
need to make these tough decisions in order to be effective today and
AFL Automotive recognizes the impact that this workforce reduction
will have on the lives of its employees, their families and the
community at large. Severance, in addition to a combination of
outplacement and transition support services, will be made available
to all affected employees.
Alcoa is the world's leading producer of primary aluminum,
fabricated aluminum and alumina, and is active 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 as a single solution to customers.
In addition to aluminum products and components, Alcoa also markets
consumer brands including Reynolds Wrap(R) aluminum foil, Alcoa(R)
wheels, and Baco(R) household wraps. Among its other businesses are
vinyl siding, closures, precision castings, and electrical
distribution systems for cars and trucks. The company has 127,000
employees in 40 countries. For more information go to www.alcoa.com
Forward Looking Statement
Certain statements in this release relate to future events and
expectations and as such constitute forward-looking statements
involving known and unknown risks and uncertainties that may cause
actual results, performance or achievements to be different from those
expressed or implied in the forward-looking statements. Important
factors that could cause actual results to differ materially from
those in the forward-looking statements include Alcoa's inability to
implement the reorganization and achieve cost-savings at the
facilities and other risk factors summarized in Alcoa's Form 10-K for
the year ended December 31, 2002.