News
Luminant Statement Regarding Alcoa Layoffs
DALLAS-(Business Wire)-September 30, 2008 - Luminant has issued the following statement in response to Alcoa’s decision to lay off more employees at its Rockdale facility:
Unfortunately, it appears Alcoa is once again refusing to take responsibility for its business decisions.
Nothing at Sandow has changed since Alcoa’s last round of layoffs that could have precipitated Alcoa’s decision to curtail the remaining production at its Rockdale smelter. Our Sandow power plant has been operating smoothly and without any major issues since early July. As a result of Luminant’s consistent efforts, there have been no new significant power generation concerns or new pricing issues - even after Hurricane Ike.
We believe Alcoa has a history of using layoffs like this as a vehicle for managing costs and driving the company’s profitability. Alcoa should acknowledge its independent decisions instead of blaming power supply issues and unspecified “market conditions.†Since 2000, Alcoa’s annual reports show their global employment has decreased by 35,000 employees.
Luminant remains committed to investing and hiring in the Central Texas region as we build a new, state-of-the-art power plant unit at Sandow. We are proud of our economic development efforts in Milam County and we look forward to a long continued relationship with key businesses and others in the county.
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