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News stories tagged with "alcoa"

Seaway, Alcoa Show Economic Growth

Two traditional industries in the North Country are sharing in the rebounding economy. The St. Lawrence Seaway posted a 12% boost in traffic in its first few months of the season. And Alcoa released a positive quarterly earnings report last week. But as David Sommerstein reports, it's unclear how the good economic news will affect the region.  Go to full article

Hoping for Market Surge, Alcoa Rehires

Alcoa Corporation in Massena is rehiring 60 people it laid off and creating 20 new jobs. The aluminum market is rebounding slowly. But as David Sommerstein reports, it may not be fast enough to make the new jobs permanent.  Go to full article

Alcoa Cuts 107 Jobs in Massena

The Aluminum Company of America is cutting more than a hundred jobs at its smelting plant in Massena. The decision announced late last week comes just after a one year reduction in power costs expires. David Sommerstein reports.  Go to full article
US Sen. Chuck Shumer
US Sen. Chuck Shumer

Schumer Visits Lewis County and Massena

Senator Chuck Schumer outlined his agenda of North Country issues in two appearances yesterday. New York's senior senator discussed a statewide snowmobile insurance plan in Brantingham in Lewis County. Then he met with local officials in Massena, where he pledged to aid the ailing dairy and aluminum industries. David Sommerstein reports.  Go to full article

Schumer Visits the North Country

New York Senator Chuck Schumer begins a 2-day visit to the North Country this morning. Press Secretary Blake Zeff says the Senator begins his day in Brantingham in Lewis County to meet with local officials.  Go to full article

Alcoa Talks Continue

State officials will resume talks next week with aluminum giant Alcoa about the future of the company's two plants in Massena. One of them nearly closed last December. 110 people were laid off. David Sommerstein reports.  Go to full article

Alcoa Reports Big Losses

Alcoa jarred Wall Street yesterday when it reported larger-than-expected losses, and widespread layoffs. Alcoa's stock fell 10 percent on the New York Stock Exchange. The company--the biggest aluminum company in the world--will cut about 8,000 jobs in 2003. The news comes just weeks after 110 workers were laid off at one of Alcoa's Massena plants. Those layoffs were part of a deal to save the local plant from a complete shutdown. David Sommerstein reports.  Go to full article

Global Competition for Alcoa Massena

Few were surprised when Alcoa Metals announced Wednesday it would lay off more than a hundred workers from its smelting plant. What did catch people off guard was how close the plant was to shutting down altogether. An emergency cost-cutting package ensures operation through 2003. But as David Sommerstein reports, even bigger challenges lie ahead.  Go to full article

Alcoa to Lay Off 110

Alcoa Primary Metals will eliminate 110 jobs at its East Smelter plant in Massena. But a new $7 million dollar power contract and a joint labor-management restructuring effort will keep the plant operating, at least for another year. David Sommerstein reports.  Go to full article

Hope For Alcoa East?

State and local lawmakers are hopeful after a meeting Monday with Alcoa officials and the New York Power Authority to find ways to cut costs at Alcoa's East plant in Massena. Alcoa has told plant officials to cut $23 million from next year's budget, which could endanger the jobs of more than 125 workers. David Sommerstein talks with Ken McDonnell, mayor of the village of Massena, about the challenges the plant faces.  Go to full article

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