Alcoa to cut 150 jobs

Alcoa to cut 150 jobs

The Australian Workers Union is outraged at plans by aluminium producer Alcoa’s (ASX:AAI) plans to cut 150 jobs, considering workers got the bad news just three weeks before Christmas.

Alcoa plans to cut 90 jobs at Point Henry in Geelong, and the remainder at Yennora in Western Sydney, the company has announced.

Alcoa makes aluminium food and beverage cans and bottle screw caps, and operates an aluminium recycling facility.

“The lack of an Emissions Trading Scheme has contributed to this decision by Alcoa and I hope Tony Abbott can sleep at night,” AWU Victoria Branch Secretary Cesar Melhelm said.

“His party’s failure to pass the legislation this week is creating instability at a time when companies are looking for the chance to develop new business opportunities in a low carbon economy.”

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