Hydro to Cut Jobs, Keep Output Curbs as Chinese Imports Slide

Norsk Hydro ASA, Europe’s third- largest aluminum producer, will add to last year’s 4,500 job cuts, extend output curbs and may mothball a plant in Germany after Chinese imports of the metal fell in the fourth quarter.

“The imports are going down,” Chief Executive Officer Svein Richard Brandtzaeg said today in an interview in London. “This is one of the main reasons why we’re not planning to restart any of the production lines.”

To read the rest of the article, click here.

Source: Business Week

Films of Norway_bunad
Norwegian American Logo

The Norwegian American

Published since May 17, 1889 PO Box 30863 Seattle WA 98113 Tel: (206) 784-4617 • Email: naw@na-weekly.com

You may also like...

%d bloggers like this: