Alcoa (AA) announces deep job cuts (15K, or 14.5% of its workforce), more plant closures, and a...

|By:, SA News Editor

Alcoa (AA) announces deep job cuts (15K, or 14.5% of its workforce), more plant closures, and a 50% cut in capex. "These are extraordinary times, requiring speed and decisiveness to address the current economic downturn." (PR)