Alcoa Issues Update On Consultation With San Ciprin Works Council

(RTTNews) - Alcoa Corp. (AA) said the last meeting of the formal consultation period for collective dismissal at the San Ciprin aluminum plant in Spain ended without an agreement with the workers' representatives. The company has up to 15 days from the end of the consultation period to announce a decision.

Alcoa and the San Ciprin Works Council have been meeting throughout the formal consultation period, which began on June 25, 2020, to discuss a proposed restructuring. The company said it offered several proposals to the workers' representatives, including an offer to conduct a sales process for the aluminum plant. All offers were rejected.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More