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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alcoa Corporation | NYSE:AA | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.50 | 4.38% | 35.75 | 35.975 | 34.025 | 34.11 | 5,784,373 | 01:00:00 |
A strike at Alcoa’s Mosjøen smelter in Norway began today, August 22, 2022, after a collective agreement between Industri Energi and Norsk Industri was not reached by the agreed-upon deadline.
The strike action is being implemented at several industrial plants that represent the Norwegian electrochemical industry. While the labor negotiations cover multiple locations, individual sites included in the strike action have their own Controlled Reduction Agreements. The agreements outline actions once the strike begins.
Mosjøen has an annual capacity of 200,000 metric tons of production across five potlines with 404 pots. In the case of Mosjoen, these actions will begin in accordance with its Controlled Reduction Agreement:
Alcoa’s Lista plant in Norway is not included in the strike action at this time.
About Alcoa Corp.
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products with a vision to reinvent the aluminum industry for a sustainable future. With a values-based approach that encompasses integrity, operating excellence, care for people and courageous leadership, our purpose is to Turn Raw Potential into Real Progress. Since developing the process that made aluminum an affordable and vital part of modern life, our talented Alcoans have developed breakthrough innovations and best practices that have led to greater efficiency, safety, sustainability and stronger communities wherever we operate.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220822005467/en/
Investor Contact James Dwyer 412-992-5450 James.Dwyer@alcoa.com
Media Contact Jim Beck 412-315-2909 Jim.Beck@alcoa.com
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