Alcan Inc. today announced that it will consolidate its cable production facilities to improve the performance of its cable business. As a result, Alcan will close its Bay St. Louis, Mississippi facility by August 15, 2003, putting 116 people out of work.
"This decision is difficult, but has been made necessary by the prolonged poor market conditions and over-capacity in the cable market," stated Ian Hewett, President of Alcan Cable. "Moving forward, Alcan will focus production at its four remaining cable facilities and continue to provide high quality cable products and service to our customers." Alcan has established a severance program and an on-site out-placement center to assist employees in their transition.