Big news in Alcoa, and it's not good

Submitted by R. Neal on Tue, 2009/01/06 - 6:09pm.

WVLT BREAKING NEWS: ALCOA laying off 450 in Blount County by March

ALCOA Aluminum in Blount County plans to layoff 450 employees by the end of March, according to company spokesperson Christy Newman.

Newman says ALCOA will no longer produce molten aluminum at its Tennessee operations once the layoffs are complete. ALCOA plans to close two pot lines at the south plant in Alcoa

UPDATE: KNS has more.

Isn't most of the hydro-power generated by the Tapoco dams used for Alcoa smelting operations? Will that power be freed up for Alcoa to sell back into TVA's grid?

(Not that it helps the Alcoa/Blount Co. economy. This will have a huge impact on hundreds of families.)

13
vote

Layoffs

Maybe you should have a combo post on today's news. The Goody's layoffs in this region will be greater than the other two combined.

Not a good day for Knoxville's economy.

Brian A.'s picture
Black Tuesday?

2009 isn't looking pretty.

"Fed Fears Long Recession"

Brian A.
I'd rather be cycling.

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