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Alcoa idles Italy smelters, hurting 2,000 workers
Quick ReadAlcoa to idle Italy smelters after EU says electricity subsidies must end, aid must be repaid
NEW YORK (AP) — Aluminum producer Alcoa Inc. said Thursday it will temporarily idle production at its two smelters in Italy, affecting about 2,000 workers, after a decision by the European Union left the company's ability to secure electricity for the plants at low rates uncertain.
Italy for 10 years gave energy-intensive industries a break on power prices. The tariff was approved by the European...
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