Alcoa begins shutdown of Italy plant
- Published: 2 Sep 2012 at 02.48
- Online news: World
Aluminium maker Alcoa said Saturday it had began to close down its plant on the island of Sardinia in a move that will see hundreds of job losses.
A view of aluminium bars at the US aluminium company Alcoa's plant in Portovesme, some 70 kilometers from Cagliari on the Italian island of Sardinia in 2010. Aluminium maker Alcoa said it had began to close down its plant on the island of Sardinia in a move that will see hundreds of job losses.
Alcoa blamed "factors beyond our control" including "the economic situation and the burdens imposed by the European regulatory system" for the shutdown of the factory, which it said would take several weeks.
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