(MENAFN- Trend News Agency) Slovenian company Talum will in April stop producing primary
aluminum, since high electricity prices have made its production
unprofitable, local media reported on Friday, trend reports citing xinhua .
Talum, one of the top ten global primary aluminum producers, has
been reducing its output in recent years. Currently, it only uses
11 out of its 160 cells for aluminum production.
The company would continue making aluminum products, it said,
and could in the future restart aluminum production if it becomes
economically viable.
However, in the short-term there will be job cuts due to the
changes, Talum said, without offering details on the exact number
of redundancies set to come. Radio Slovenia reported that the
company could dismiss around 120 people.
Talum employs a total of 1,500 people, and will celebrate its
70th anniversary next year.
MENAFN04032023000187011040ID1105704342
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.