Alcoa, known as the world's leading producer of aluminum, announced a third round of layoffs in January 2009. Because of the low demand for aluminum in automobiles and appliances dropped, the company will layoff an additional 13,500 workers. This is the third production cut that has taken place within three months.
Alcoa Layoffs News
- Bloomberg.com: Alcoa Cuts Output, Fires Workers ... (January 7, 2009)
