Alcoa to close New York office, move global HQ to Pittsburgh

|By:, SA News Editor

Alcoa (NYSE:AA) says it will close its New York office and move its global HQ to its existing Pittsburgh location, effective Sept. 1, as part of a plan to consolidate locations and cut costs.

AA says it also will shutter another seven offices in the U.S., Europe, and Asia and relocate affected employees.

AA expects the moves to save $5M/year in overhead costs.