Posts Tagged ‘alcoa’

More Industrial Weakness

Three reports from industrial giants today underscored the gravity of the recession. LyondellBasel Industries sought bankruptcy protection for its U.S. subsidiary. Lyondell is the third largest independent chemical company in the World. It is headquartered in Holland. Alcoaannounced the elimination of 15,000 jobs and said it plans to cut capital expenditures by 50%. The job […]