Bobby. wrote on Feb 18
th, 2014 at 4:18pm:
FriYAY wrote on Feb 18
th, 2014 at 3:40pm:
adelcrow wrote on Feb 18
th, 2014 at 3:33pm:
If we want to save this country the only people that need to lose their jobs are Tony Abbot and his incompetent cabinet.
So what would have the ALP or Greens done to save Alcoa?
It's OK you don't have to answer, i'm sure that demented locker of a brain, full of hate and bile must not be a nice place to dwell, so i won't make you dwell in it.
The captain of the ship is at fault if it hits an iceberg.
How many more jobs to go under Abbott?
Aluminium producer Alcoa confirms decision to close Point Henry smelter, rolling mills
Updated 3 minutes ago
VIDEO: Alcoa Australia boss Alan Cransberg addresses the media (ABC News)
PHOTO: The closure of the smelter would result in the loss of about 500 jobs. (AAP: Julian Smith)
RELATED STORY: No decision yet on Point Henry smelter: Alcoa
MAP: Geelong 3220
Aluminium producer Alcoa has announced it will close its Point Henry smelter and two rolling mills in Australia, putting almost 1,000 people out of work.
Alcoa employs 500 workers at the Geelong smelter and about 480 at the rolling mills at Geelong and at Yennora, New South Wales.
The decision to shut the facilities was made at a meeting of the Alcoa Australia board this morning.
Alcoa Australia chairman and managing director Alan Cransberg briefed his employees and called it a sad and significant moment in the history of the company.
"Sixty per cent of employers have been with us for 10 years or more," he said.
A lot of the workers half expected this, [but] it is still a shock when it gets announced.
Alan Cransberg, Alcoa Australia chairman
"We are a large part of the Geelong community and we are proud of the contribution we have made over 50 years.
"A lot of the workers half expected this, [but] it is still a shock when it gets announced."
The smelter will be closed in August and the rolling mills will wrap up operations at the end of this year.
Alcoa says a comprehensive review of the 50-year-old smelter says it has no prospect of becoming financially viable.
The company is closing the rolling mills because of excess capacity.
"We recognise how deeply this decision impacts employees at the affected facilities and are committed to supporting them through this transition," company chief executive officer Klaus Kleinfeld said.
"Despite the hard work of the local teams, these assets are no longer competitive and are not financially sustainable today or into the future."
Alcoa's decision disappointing but predictable: Hockey
Federal Treasurer Joe Hockey says Alcoa's decision is disappointing but it was predictable because the company knew in 2012 that the plant was not financially viable.
"The Labor government gave them $40 million and they closed two years later," he said.
"The fact that they're closing two years after receiving a $40 million government grant illustrates the fact that you've got to be very careful with taxpayers' money."
Mr Hockey says no-one should be despondent about the closure.
"This is one of a number of businesses that will pass, but many other businesses will open," he said.
"If you get entirely
read it num nuts
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