Alcoa Inc. will lay off 13,500 employees, or about 13 percent of its global workforce, by the end of 2009 as "extraordinary times" squeeze the aluminum giant.
Besides slashing personnel, Alcoa will freeze salaries and hiring, further throttle back production and halve 2009 capital expenditures, the company announced in a news release Tuesday afternoon.
Read full article: http://www.bizjournals.com/pittsburgh/stories/2009/01/05/daily30.html
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