Alcoa, the global aluminium producer based in the US, has announced it will cut 18 percent of its workforce as the Russian economy continues to struggle according to Reuters.
The unemployment news comes as the Russian economy continues to decline in the wake of the global economic slowdown and as oil prices continue to slide.
While the cuts are deep, Alcoa Russia President Andrei Donets indicated the reduction in force affecting the Russian economy will execute gradually over the course of 2009.
No Comments so far ↓
There are no comments yet...Kick things off by filling out the form below.