Alcoa to cut 110 jobs at N.Y. aluminum plant


NEW YORK, Dec 18 (Reuters) - Aluminum giant Alcoa Inc. said Wednesday it reached a temporary agreement with the New York Power Authority to help avoid a shutdown of its Massena East smelter, although it will slash 110 jobs in 2003 at the plant as part of a restructuring plan. Alcoa said a $7 million temporary economic incentive with the NYPA will significantly reduce operating costs at the East Plant, located about 260 miles north of Albany near the Canadian border, in 2003 as it ...

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