EMCC European Monitoring Centre on Change

Alcoa Europe

Company/Organisation:
Alcoa Europe

Geographic Location

Country: Spain
Region: Noroeste
Location of affected unit(s): Avilés (Asturias) and La Coruña (Galicia)

Company

Sector: Manufacturing
Manufacture of basic metals and fabricated metal products, except machinery and equipment
24.42 - Aluminium production
Number Employed: 2200
Group: Alcoa

Employment Effects

Announcement Date: 17-10-2018
Planned Job Reductions min: 686
Type of Restructuring: Closure

Additional Information

American aluminum multinational Alcoa has announced the closure of two sites, in Avilés (317 employees) and A Coruña (369 employees). The company claims that these plants are the least productive of the group and that due to productive and technological problems it foresees that losses in both facilities will continue. One of the arguments put forward by the company is the high price of energy (that represents up to 40% of the costs in the production of aluminum). Alcoa announced a dismissal plan that will affect all employees in both factories.

The Ministry of Industry, Commerce and Tourism has shown its surprise and concern, asking for a negotiation process to look for alternatives, having similar reactions to the local authorities of Galicia and Asturias. However, the announcement has not surprised the workers: their union representatives maintain that the company has not been investing in either of  the factories, causing a progressive loss of competitiveness.

 

Updated, 01/07/2019:

Alcoa has cancelled the sale of its Avilés and A Coruña plants to the Swiss investment fund Parter Capital two days before signing the agreement. The company says that the investment fund does not comply with the financial guarantees promised. After months of strikes, worker representatives ask the firm for another delay of the workforce adjustment and to restart the sale process.

 

Updated, 31/07/2019:

Alcoa has signed the transfer of its two plants to the Swiss investment fund Parter Capital, after it has presented the required economic guarantees, ensuring industrial activity and preventing collective dismissals for the following two years.

Sources: