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$40-M Government Rescue Package Allows Alcoa’s Point Henry Plant to Remain Open for 2 Years

By International Business Times,  July 02, 2012, 05:08:17 AM EDT

The federal government extended a $40-million rescue package to Alcoa, which allowed the firm's Point Henry plant to remain open for at least two more years until July 2014.

In the process, 540 workers were spared from joining the ranks of the unemployed due to the unprofitable smelter operations. The plant actually has 600 workers, but 10 per cent of them or 60 workers will have to go under a redundancy programme which would be implemented as quickly and voluntarily as possible.

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