About 550 staff will lose their jobs by July, and one other 200 shall be out by the tip of the phased cuts in the midst of subsequent 12 months – with solely 50 of the 800 staff remaining.
The corporate’s announcement solely referred to its staff, however the reduce can also be set to have an effect on contractors, round 250 of whom are set to lose their jobs because of the manufacturing shutdown.
It’s hoped that this discount will assist Alcoa offset the document loss incurred by the Kwinana refinery of roughly $130 million in 2023.
The corporate expects to see annual enhancements of about $70 million as of July of this 12 months because of this.
The power’s age, dimension, working prices and present market situations all contributed to the choice, stated Matt Reid, Alcoa’s govt vp.
“We enormously respect the dedication and help of our many loyal staff, contractors and suppliers at our Kwinana refinery, which has contributed considerably to the financial growth of Western Australia over the previous 60 years of steady operation,” he stated.
“We are going to work intently with our staff to offer help as they transition to different alternatives.
“This contains potential redeployment inside our enterprise or help to facilitate recruitment into different workplaces.”
The refinery and related storage services will proceed to be actively managed.
Alcoa’s port services will proceed to function to import uncooked supplies and export alumina produced on the firm’s Pinjarra Alumina Refinery.
The Pinjarra and Wagerup refineries will not be anticipated to be affected by the curtailment at Kwinana.
“We stay dedicated to WA for the long run and can proceed to guage choices out there to the refinery and monitor the components that led to the choice to reduce,” Reid stated.