Alcoa to close in Denison

By: Nicole Holt Email
By: Nicole Holt Email

DENISON, Tex. -- The Alcoa Plant in Denison announced this morning that they are closing.

It's been a nerve-racking day for Alcoa employees as they were told Friday morning they would be unemployed before the end of the year.

In a meeting Friday morning at 6 a.m., the Alcoa Denison plant within the Ply Gem Siding Group announced to their employees that due to the cost of production the plant simply must close.

They blame the housing market, since it's at an all-time low. Alcoa employees were given a sixty-day notice with production ending on December 14th.

We're told shipping will continue through February, but the actual production end will shut down in December.

Those who continue working through the 14th will receive a severance package. Officials tell us each employee will receive one week's worth of pay for each year they've been with the company.

Alcoa officials say they realize the timing is bad.

"This is a hard decision, and I recognize that, the company recognizes that. There is never a good time of the year for this. From a personal side, I recognize what you are saying, what's effecting us is the rate of the business. It's slowing down dramatically right now, so that's what's driving the closing," said Rick Veach of the Ply Gem Siding Group.

On Friday, there are very few employees in the plant. We're told most were sent home this morning but will receive pay.

Those who are working we're told receive double pay for today.

We'll of course continue to follow this story and bring you more coming up later today.

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  • by Anonymous on Oct 15, 2007 at 03:41 PM
    i see the brightest and best alcoa company person got on line to share the company line. you must be getting a big kick back
  • by Anonymous on Oct 15, 2007 at 07:54 AM
    Nice to see North Texas best and brightest jump on line to dazzle the rest of us with their vast amount of knowledge. What they don't point out is that the company has provided some of the highest paying jobs in the area for over 20 years, is very active and supportive of this community, has some of the lowest turnover and were it not for the housing market slump combined with the high utility and transportation cost they would probably still be doing business in North Texas. Tought decision to close; I'm sure, but the employees of the organization are smart and strong. They and their families will do just fine.
  • by susie Location: dension on Oct 14, 2007 at 12:17 PM
    I think this was planned when they bought the place,thats what many employees thought.They could at least waited until after Christmas.Our family is deeply upset and worried!!!!
  • by Sue on Oct 14, 2007 at 07:12 AM
    The people I know working there sleep on the job. People have been promted and not told they were suppose to catch those doing this and other things. It really is not that surprising that this happened
  • by joe Location: potts on Oct 13, 2007 at 04:02 PM
    i feel bad for the people that work there because i have several close friends that work there. i spent many years at that place and the moot was watch your back alcoa would stab anyone in the back. i am glad the company is leaving because it was nothing but a north texas sewer plant. however trust me on this those folks fell bad now but when its all done they will not have to put up with those morons that run that are better off i dont miss that ---- hole alcoa never cared about any of its employees and here is the proof
  • by sherry Location: denison on Oct 12, 2007 at 02:42 PM
    believe me i know about alcoa and have had to deal w/ them for past 15 years, only the past one year for PLy Gem the employees had an idea they had heard this company was the type to buy company's and then lay off(which they did) and then close if they were not making the $$$. its has been work for a week for a while and then all of a sudden close the door for extra days, cut from 12 hr shift to to 8 hr days and still close for long weekends. the employees are greiving deeply
  • by Concerned on Oct 12, 2007 at 01:59 PM
    How many people are employed at this company???
  • by Anonymous on Oct 12, 2007 at 01:22 PM
    Only this company is not going to Mexico... It's staying domestic only moving to the East.
  • by joe Location: denison on Oct 12, 2007 at 11:48 AM
    Its like everyother company going to mexico we should all move down to mexico for a job.
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