Alcoa Committee Urges Spanish Government Intervention to Save Factory

March 20, 2024

The works council of Alcoa's San Cibrao plant is pressing the Spanish Government to take decisive action regarding the future of the industrial complex. José Antonio Zan, president of the works council, emphasized that the government possesses all necessary means to assume control of the facility, especially in light of Alcoa's recent declaration of the plant's lack of viability and its initiation of discussions with potential buyers.

Zan highlighted the ease with which the government could step in, particularly through involvement from SEPI (Sociedad Estatal de Participaciones Industriales), to facilitate a smooth transaction. This move, according to Zan, would obviate the need for a formal intervention and ensure the operation proceeds without legal or other impediments.

Alcoa's call for "legal certainty" in the sale process, Zan argues, would be best met by transferring ownership to the government. This stance reflects the committee's belief that the government's direct involvement is crucial for the plant's preservation and the continued employment of its workforce.

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