danyboy27
9th August 2013, 02:05
Rio Tinto Alcan says weak metal prices have forced the aluminum producer to close its 72-year-old smelter in Shawinigan, Que., about a year ahead of schedule in November, affecting most of its 425 workers.
"With the current difficult market conditions and when we look at the short-term forecasts, the situation became financially unsustainable for Shawinigan, and this despite all the efforts the employees made to help over the past years," said Étienne Jacques, chief operating officer of Rio Tinto Alcan Primary Metal in an interview.
http://www.cbc.ca/news/canada/story/2013/08/07/rio-tinto-shawinigan-close.html
"With the current difficult market conditions and when we look at the short-term forecasts, the situation became financially unsustainable for Shawinigan, and this despite all the efforts the employees made to help over the past years," said Étienne Jacques, chief operating officer of Rio Tinto Alcan Primary Metal in an interview.
http://www.cbc.ca/news/canada/story/2013/08/07/rio-tinto-shawinigan-close.html