Alcoa Calls for Two-Year Curtailment of Spanish Smelter

Alcoa will provide full wages and benefits to employees during the two-year curtailment period.

SEATTLE (Scrap Monster): Pittsburgh-based Alcoa Corporation announced that it has reached an agreement with the workers’ representatives at the Company’s San Ciprián aluminum plant in Spain. The agreement calls for a two-year curtailment of the smelter’s 228,000 metric tons of annual capacity, with the commitment that restart of the smelter will begin in January 2024.

Accordingly, curtailment activities at the smelter will commence on 1^st January, 2022, with completion expected before the end of next year. During the period of curtailment, the company will secure long-term power purchase agreements, beginning from 2024. Alcoa has also committed $68 million for capital investments and $35 million for restart costs. In return, the workers promised to cease the strike action with immediate effect.

Alcoa will provide full wages and benefits to employees during the two-year curtailment period. It has also committed to extend the contracts of contractor companies through 2024 and to provide a new collective bargaining agreement that includes pay increases extending to the end of 2025. In addition, no collective dismissal process will be considered for the San Ciprián smelter until December 31, 2025 at the earliest.

The agreement provides path to resolve the significant challenges that the facility has faced and can begin to build a stronger smelter in two years, said Roy Harvey, President and CEO, Alcoa.

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