Alcoa to move its HQ back home
Was officially relocated to NYC 11 years ago
Alcoa, which officially relocated its headquarters from its hometown to New York in 2006, is coming home.
The 129-year-old aluminum producer announced Wednesday it will relocate 10 employees from its current Park Avenue headquarters to its Isabella Street offices on the North Shore, effective Sept. 1.
The relocation, along with consolidating seven other administrative offices around the globe over the next 18 months, is expected to generate annual savings of $5 million once it is implemented.
Another five employees who currently work in the New York office will work from home, an Alcoa spokeswoman said.
Alcoa has about 205 employees and contractors in its North Shore office. It shares the building with Arconic, the company created in November after Alcoa separated its mining, refining and aluminum businesses from downstream businesses that produce aluminum and titanium parts for the aerospace, automotive and other industries. Arconic is headquartered in New York.
Forty more employees and contractors work at Alcoa’s technical center in Westmoreland County.