United Steelworkers : United Steelworkers - USW reaches agreement with Alcoa on effects of Alcoa/Arconic split . United Steelworkers - master agreement between Alcoa and USW covers approximately 6,000 employees at 12 locations .United Steelworkers says master agreement between Alcoa and USW expires May 15, 2019.
MHM Metals Ltd
Jiaozuo Wanfang Aluminum Manufacturing Co Ltd <000612.SZ> :Says terminates assets restructuring plan.
Alcoa Inc:Announced it is taking further action to increase the competitiveness of its Upstream business amid prevailing market conditions.Alcoa will permanently close its 269,000 metric ton Warrick Operations smelter in Evansville, Indiana by the end of the first quarter 2016.Rolling mill and power plant at Warrick Operations will continue to operate.By the end of the second quarter 2016, the Company will reduce alumina production by one million metric tons, which includes curtailing the remaining 810,000 metric tons of refining capacity at its Point Comfort operations in Texas.
Coil SA:Reorganises activities in Italy and Belgium.Closes Capestrano factory in Italy.United Anodisers Srl will be placed into liquidation in.the near future.Strengthens production capacity in Belgium.12 layoffs in Capestrano.Production shifted from Capestrano to Landen in Belgium.Costs related to closure of Capestrano factory and liquidation of United Anodisers will not have any impact on the accounts.Estimates closure of line 4 in Belgium and redeployment of Italian assets will have significant impact on 2015 accounts.