1.0link155776<![CDATA[Alcoa To Cut 13 Percent Of Global Work Force]]>http://www.huffingtonpost.com/2009/01/06/alcoa-to-cut-13-percent-o_n_155776.htmlPITTSBURGH — Alcoa Inc., the world's third-largest aluminum maker, said Tuesday it will cut 13,500 jobs, or 13 percent of its work force, and slash spending and output to cope with the global economic slowdown.
The reductions expand on cost-cutting measures announced in October, when Alcoa reported a 52-percent decline in third-quarter profit due to sharply lower aluminum prices, weaker demand and a charge from curtailing a smelter in Texas.