26 AUGUST 2015Century Aluminium Press Release
Century issues warn notice at Hawesville, KY smelter
Edited by : AL CIRCLE
1 min read
Century Aluminum of Kentucky, a wholly-owned subsidiary of Century Aluminum Company, today issued a notice to employees at its Hawesville, Kentucky aluminum smelter of its intent to curtail its plant operations beginning on October 24, 2015 unless the current pricing environment substantially changes. The announcement was made pursuant to the federal Working Adjustment and Retraining Notification Act (WARN).
"We regret the need to issue this notice at this time and fully understand the impact it will have on our employees, in our community and with our customers," commented Michael Bless, President and CEO. "The simple fact is that the recent significant decline in the aluminum price is being driven by unfair trade behavior over which our industry has no control. Chinese overcapacity and the improper export of heavily-subsidized Chinese aluminum products have undercut an otherwise viable plant. These issues must be addressed immediately. The strategy we set forth for Hawesville continues to be valid. It is solely the collapse in industry pricing, brought about by this improper trade behavior, that has put this excellent plant in jeopardy," Bless said. There are approximately 565 employees at Hawesville. This action does not affect Century's Sebree or Mt. Holly operations.
"We regret the need to issue this notice at this time and fully understand the impact it will have on our employees, in our community and with our customers," commented Michael Bless, President and CEO. "The simple fact is that the recent significant decline in the aluminum price is being driven by unfair trade behavior over which our industry has no control. Chinese overcapacity and the improper export of heavily-subsidized Chinese aluminum products have undercut an otherwise viable plant. These issues must be addressed immediately. The strategy we set forth for Hawesville continues to be valid. It is solely the collapse in industry pricing, brought about by this improper trade behavior, that has put this excellent plant in jeopardy," Bless said. There are approximately 565 employees at Hawesville. This action does not affect Century's Sebree or Mt. Holly operations.
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