Alcoa Electrical and Electronic Solutions announce closings
The restructuring will result in the permanent reduction of about 65 associates in Del Rio and approximately 1,400 in Puebla. The charges related to the restructurings were previously reported by Alcoa.
"This difficult decision is the result of the competitive conditions in the marketplace, and the actions are necessary to adjust AEES capacity to market demand and to improve our logistics processes," says Jon A. Jensen, Alcoa EES president for Light Vehicle Market and Operations Americas.
Alcoa EES employs approximately 14,000 associates in Mexico and 1,350 in the U.S. The business produces and distributes electrical distribution systems and other products for the North American light and heavy vehicle markets.
Alcoa EES recognizes the impact that this workforce reduction will have on the lives of its employees, their families, and the community. Full severance, in addition to a combination of outplacement and transition support services, will be made available to all affected employees.
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"Available information on the level of resource adequacy ... and related costs in regions with and without capacity markets is not comprehensive or consistent," the report found. "Moreover, consistent data on historical trends in resource adequacy and related costs are not available for regions without capacity markets."
The review concluded that FERC collects some useful information in regions with and without capacity markets, but GAO said it "identified problems with data quality, such as inconsistent data."
GAO included three recommendations, including…
