By Josh Beckerman

Alcoa Corp. (AA) said a Quebec smelter will restart its curtailed capacity as workers approved a six-year labor agreement.

The Aluminerie de Becancour Inc. smelter is 74.95% owned by Alcoa and 25.05% owned by Rio Tinto Alcan Inc.

Alcoa expects to record special items related to restart costs of about $40 million to $50 million after tax, or about 22 cents to 27 cents a share.

The smelter will recall about 900 unionized employees according to a specific back-to-work protocol, with all of those on lockout back within eight months of the July 26 restart date.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

July 02, 2019 17:08 ET (21:08 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Grafico Azioni Rio Tinto (ASX:RIO)
Storico
Da Mar 2024 a Apr 2024 Clicca qui per i Grafici di Rio Tinto
Grafico Azioni Rio Tinto (ASX:RIO)
Storico
Da Apr 2023 a Apr 2024 Clicca qui per i Grafici di Rio Tinto