Alcoa to cut 10 pct of Mexican auto unit jobs

Newswire

NEW YORK, May 21 (Reuters) - Aluminum producer Alcoa Inc. on Friday said it would cut almost 10 percent of the work force at its Mexican automotive affiliate because of reduced production. Alcoa said Alcoa Fujikura Ltd. will cut 2,350 jobs out of a total of about 24,000 at its Piedras Niegras and Torreon plants. The plants make and distribute electrical distribution systems and other products for North American light and heavy vehicle markets.

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