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- Alcoa halts Italian plants after EU electricity ruling
- The world's biggest aluminium producer, Alcoa, has halted production at its Italian plants in Sardinia and Veneto after the European Commission ordered the company to pay back what it considers as preferential electricity tariffs. On 23…
- EurActiv.com
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- 2 hours ago
- EC Italian power tariff decision prompts Alcoa smelters…
- In response, Alcoa CEO Klaus Kleinfeld called it "a dark day for European heavy industry. The EC is sending a signal to investors and workers that heavy industry is no longer a priority." "The EC's decision, which was not based on a…
- Mineweb
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- 11/20/2009
- Alcoa idles Italy smelters, hurting 2,000 workers
- The EC is sending a signal to investors and workers that heavy industry is no longer a priority," said Alcoa President and CEO Klaus Kleinfeld, in a statement. "The EC's decision, which was not based on a complaint by a competitor or any…
- Charleston Daily Mail
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- 11/20/2009
- Alcoa to Idle Smelting Operations in Italy While Appealing EC…
- The EC is sending a signal to investors and workers that heavy industry is no longer a priority,” said Klaus Kleinfeld, Alcoa President and Chief Executive Officer. “Particularly in today’s economic crisis, this decision is hard to…
- Businesswire.com
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- 11/19/2009
- Alcoa to idle Italy smelters after EU says electricity…
- The EC is sending a signal to investors and workers that heavy industry is no longer a priority," said Alcoa President and CEO Klaus Kleinfeld, in a statement. "The EC's decision, which was not based on a complaint by a competitor or any…
- Fort Lauderdale Sun-Sentinel
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- 11/20/2009
- Are you worried about the Democrats cutting Medicare?
- The EC is sending a signal to investors and workers that heavy industry is no longer a priority," said Alcoa President and CEO Klaus Kleinfeld, in a statement. "The EC's decision, which was not based on a complaint by a competitor or any…
- Town Hall
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- 11/20/2009
- Alcoa To Idle Production At 2 Italy Smelters, Cut 2,000 Jobs
- Alcoa Inc. (AA) said Thursday it will temporarily stop production at two aluminum smelters in Italy - cutting about 2,000 direct and indirect jobs - because of concerns about getting future power supply for the smelters at competitive rates…
- NASDAQ
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- 11/19/2009
- Metal production halted as subsidy ends
- The commission is sending a signal to investors and workers that heavy industry is no longer a priority," said Alcoa president and CEO Klaus Kleinfeld. "The commission's decision, which was not based on a complaint by any competitor or,…
- Morning Star
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- 11/20/2009
- UPDATE 2-Alcoa ordered to repay Italy state aid; will idle ops
- MILAN/NEW YORK, Nov 19 (Reuters) - Alcoa Inc said on Thursday it will temporarily idle operations at its two smelters in Italy after the European Commission ordered the U.S. aluminum producer to pay back most of the state aid it has…
- Forex Pros
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- 11/19/2009
- Ag sector produces bounty for investors
- Alcoa’s CEO Klaus Kleinfeld said, “This is a dark day for European heavy industry. The EC is sending a signal to investors and workers that heavy industry is no longer a priority.” Alcoa shares gave up .05 to 13.13 last week. Heinz, with…
- Quad-Cities Times
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- 1 day ago