The possibility of job cuts seems to fear as part of Arconic’s efforts to compensate for the suspended production of the Boeing 737 MAX.
Though it has been communicated that there would be no impact on the Arconic local operations at Massena.
Arconic was formed in 2016 in a split with Alcoa, creating two publicly traded companies — Alcoa Corp. and Arconic.
Under a planned reorganization that will take place this year, one segment of the company will be focusing on structural parts for airplanes such as the Boeing 737 MAX.
The upstream company, which operates under the Alcoa name, consists of five business units that make up global primary products — bauxite, alumina, aluminium, casting, and energy.
Arconic, the value-added company, is composed of global rolled products, engineered products, and solutions including the automotive and aerospace segments and transportation and construction solutions.
Arconic will focus on structural parts for airplanes and defence, as well as forged aluminium wheels for commercial transportation.
John Plant, CEO, Arconic said “Because production was halted on the Boeing 737 MAX, the company was considering a mix of staff cuts, extended vacations and changes in shift patterns”
On 28th January’20, an Arconic spokesperson also said that the potential job cuts would not impact the company’s operations in Massena.
Arconic announced in December that it’s Rolled Products Corporation, which makes aluminium sheets and plates, had publicly filed a Registration Statement with the U.S. Securities and Exchange Commission in connection with a pending separation into two stand-alone, publicly-traded companies.
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