Alcoa Corporation intends to make future announcements about the company`s development and financial performance through its website, www.alcoa.com, as well as through press releases, submissions to the Securities and Exchange Commission, conference calls and webcasts. PITTSBURGH–(BUSINESS WIRE)-The last meeting of the formal consultation period on mass layoffs at the San Ciprián aluminum plant in Spain ended on August 4, 2020 without an agreement with workers` representatives. The San Ciprián site has both an aluminum smelter and an alumina refinery. The alumina refinery was not included in the consultation process. This press release contains statements that relate to future events and expectations and that, as such, constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include words such as “anticipated”, “believes”, “could”, “estimated”, “expected”, “objective”, “may”, “outlook”, “planned”, “projected”, “seeks”, “sees”, “should”, “aims”, “would”, “would” or other words with similar meanings. All statements by Alcoa Corporation that reflect expectations, assumptions or forecasts about the future, except statements about historical facts, are forward-looking statements. Forward-looking statements are not a guarantee of future performance and are subject to known and unknown risks, uncertainties and changes in circumstances that are difficult to predict. Although alcoa Corporation believes that the expectations expressed in forward-looking statements are based on reasonable assumptions, it cannot guarantee that these expectations are met and actual results may differ materially from those indicated in such forward-looking statements due to a large number of risks and uncertainties. Additional information on factors that could result in actual results differing materially from those anticipated in the forward-looking statements is contained in Alcoa Corporation`s filings with the Securities and Exchange Commission. Alcoa Corporation is under no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
. The company presented several proposals to the workers` representatives, including a temporary dismissal by a Spanish social program called ERTE for two years, with the potential for a restart and an offer to implement a process to sell the aluminum plant. All offers were declined. According to Spanish regulations, Alcoa has a maximum period of fifteen days from the end of the consultation period to announce a decision on the annual capacity of the hut of 228,000 tons. . . .