Friday, December 19, 2008
ALCOA IS EXITING THE CAST ALUMINUM WHEEL BUSINESS
Greg Gerber of RVINews posted on December 18, 2008 20:02
BELOIT, Wis. -- Alcoa Inc. will close its Beloit aluminum wheel plant that serves the auto industry next year, a move that will result in the loss of about 240 jobs.
The closing was announced today and is expected to take place by June, said Bob Borremans, executive director of the Southwest Wisconsin Workforce Development Board.
The Alcoa Cast Auto Wheels plant, which opened in 1995, serves Ford, General Motors, Chrysler, Honda, Nissan, Jaguar, BMW and Volvo, according to Alcoa's website.
Kevin Lowery, a spokesman for Alcoa, said the business has been hurt by the economic downturn as well as the troubles in the auto industry. Alcoa is planning to exit the cast aluminum wheels business, he said.
SOURCE: Milwaukee Journal
BELOIT, Wis. -- Alcoa Inc. will close its Beloit aluminum wheel plant that serves the auto industry next year, a move that will result in the loss of about 240 jobs.
The closing was announced today and is expected to take place by June, said Bob Borremans, executive director of the Southwest Wisconsin Workforce Development Board.
The Alcoa Cast Auto Wheels plant, which opened in 1995, serves Ford, General Motors, Chrysler, Honda, Nissan, Jaguar, BMW and Volvo, according to Alcoa's website.
Kevin Lowery, a spokesman for Alcoa, said the business has been hurt by the economic downturn as well as the troubles in the auto industry. Alcoa is planning to exit the cast aluminum wheels business, he said.
SOURCE: Milwaukee Journal
