Alcoa: Onset for a formal consultation process with Spanish works council regarding San Ciprián Aluminum Smelter

On 17^th June’20, Alcoa Corporation, a global leader in bauxite, alumina and Aluminum made public that from 25^th June’20, it plans to begin the formal process for the collective dismissal of employees at its San Ciprián aluminium facility in Spain.

On 28^th May ’20, Alcoa set forth an informal process with the workers’ representatives to discuss significant and unsustainable circumstances at the aluminium plant. The Company now intends to begin the formal 30-day consultation period with the Works Council to achieve the best possible outcome for the Company and its workforce.

The Company envisions a restructuring for the aluminium plant that retains a portion of the cast-house in operation. A collective dismissal could potentially affect up to 534 employees of the aluminium plant. No final decisions will be made until the mandatory, formal consultation process is complete.

The aluminium smelter has incurred significant and recurring financial losses, which are expected to continue.

The San Ciprián site has both an aluminium plant and alumina refinery. The San Ciprián alumina refinery is not affected by this formal consultation process.