August 15, 2006 |
Kaiser Aluminum Corp., which just emerged from bankruptcy protection after more than four years, said Monday that costs from its reorganization contributed to a second-quarter loss. The Foothill Ranch-based aluminum manufacturer said its loss totaled $2.5 million, or 3 cents a share, compared with a profit of $365.8 million, or $4.59, a year ago. The year-ago profit was boosted by $366 million in divestment proceeds. Revenue in the quarter ended June 30 rose 35% to $353.
February 7, 2006 |
Kaiser Aluminum Corp. said Monday that a bankruptcy judge approved the company's plan to end four years of Chapter 11 protection this quarter. The exit plan now requires approval from a U.S. District Court judge, Kaiser said. Under the plan approved by Bankruptcy Judge Judith Fitzgerald in Wilmington, Del., Kaiser plans to cancel its stock and swap debt for equity. "The finish line is within sight," Chief Executive Jack Hockema said in a statement. Foothill Ranch-based Kaiser posted a $746.
December 19, 2000 |
Skyrocketing energy prices and California's recent demands for the cheap federal hydropower that fuels the Pacific Northwest's $4-billion-a-year aluminum industry have unleashed widespread resentment in Washington state and Oregon--which are just beginning to feel the downside of the deregulation movement. Both states, whose residents traditionally have enjoyed some of the cheapest prices in the nation, face the same soaring rates that are plaguing California.
October 8, 2000 |
Union workers returned to their jobs at a Kaiser Aluminum Corp. plant for the first time since their September 1998 walkout stretched into a two-year labor dispute. Two hours after replacement workers ended their final shift at Kaiser's Mead aluminum smelter near Spokane, Wash., the plant gates opened for United Steelworkers of America members to return to work. There were no problems during the transition, a Kaiser spokeswoman said.
September 19, 2000 |
Kaiser Aluminum Corp., the second-largest U.S. aluminum maker, will cut at least 540 jobs, or 19%, of the hourly work force at five plants in Ohio, Louisiana and Washington, after settling a two-year strike. A federal arbitrator reached a settlement Monday between the company and members of the United Steelworkers of America. Under the five-year contract, workers will get wage and benefit increases that average 2.6% a year, Kaiser said.
August 27, 1999
* Kaiser Aluminum Corp. said contract talks with the steel union are stalled over the company's plans to continue using outside workers for some jobs, bringing the labor dispute into its 11th month.