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Alcoa to Cut 8,000 Jobs after Sharp Quarterly Loss

NPR

Published January 9, 2003 at 12:00 AM EST

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Alcoa Aluminum reports a $223-million loss in the fourth quarter, driving the value of the company's stock down by 10 percent. The company says it plans to eliminate 8,000 jobs worldwide. David Sommerstein of North Country Public Radio reports.