Local layoffs

Alcoa, the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, is laying off 60 here at its local plant. News release to be distributed momentarily, and I'll post it once I get my hands on it.

Update: Here it is:

Lower Demand Causes Layoffs at Alcoa-Texarkana

Alcoa’s Texarkana plant will reduce its workforce by approximately 60 employees by the end of January 2009 due to current economic conditions. Operations Manager Michael Leherr said that “The employees at Alcoa-Texarkana have worked hard at reducing costs, increasing productivity, and driving to be competitive in a global market. However, the current economic environment has significantly reduced the demand for our product. Texarkana must align production with current demand in order to keep the business viable for the future. We regret this decision because of the impact to our employees.