The company said the move was part of necessary global restructuring aimed at maintaining its competitiveness.
Workers at Alcoa Howmet were told that the potential redundancies were part of global restructuring.
Output from auto firms, hit by the strong pound and global restructuring drives, is expected to fall 6.6%, following a 3.8% decline last year.
Last week, the company announced a global restructuring plan that will see major layoffs in the U.S. and Thailand, as well as factory shutdowns at home.
Espoo, Finland - Nokia Siemens Networks today announced its strategy to focus on mobile broadband and services and the launch of an extensive global restructuring program.
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But this might also be the start of a wider restructuring of global aviation.
For that reason, expect plenty of international cooperation, but not a one-size fits all regulatory model or a massive Bretton Woods-style restructuring of global finance.
Give him an inch, and he will indeed take an hour to discuss the crucial but unglamorous restructuring of global financial institutions and liquidity ratios, or so it can seem.
Cooper and Nemerever's strategy is based on the premise that honoring a contract is paramount for any country in the global economy, and restructuring a loan can be seen in that spirit.
It is learnt that the global partners are actively considering restructuring the India unit.
In a statement, OKI Europe said its parent company OKI Electric had recently announced "essential" restructuring of its global printer division to remain competitive and profitable.
Pepsi Bottling Group, the largest bottler for PepsiCo, announced Tuesday it is cutting costs as part of a multiyear restructuring program to improve efficiencies in its global operations.
In June 2002 we swam against the popular current to suggest that Deutsche Bank Chief Josef Ackermann look to bolster his home market by restructuring the firm and cast aside some of the expensive global "Wall Street" ambitions.
Optimism is justified not on hope, but on evidence that when the disasters struck many Japanese companies were already achieving significant advances in productivity, sales, and profitability, as a result of restructuring and policy efforts begun in the wake of the 2008 global downturn.
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It is restructuring its supply-chain and manufacturing network in Australia as part of its global productivity plan.
Through a restructuring plan, Avon has downsized the company aimed at improving supply-chain and global manufacturing efficiencies.
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Thus, any serious likelihood of sovereign restructuring would risk creating runs by creditors and, at worst, another leg of the global financial crisis.
It should be noted that Alcoa announced this week that it will be taking a restructuring charge 51 to 16 cents per share due to a 12% cut back in global smelting activities.
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