Yennora. Aloca sheds workers

A restructure at Alcoa Australia Rolled Products reduction of around 150 jobs across the two operating locations in Yennora and Point Henry, in Geelong to ensure the ongoing sustainability of the business, the company said. The restructure was required to manage the ongoing impacts of the global financial crisis, rising costs and high foreign exchange rates which reduces the profitability of export sales and increases the competitiveness of imports.