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February 18, 1994 | From Times Staff and Wire Reports
Alumax Inc. to Close Aluminum Operation in Riverside: The company said it will close its aluminum sheet operations in Riverside and Morris, Ill., eliminating 600 jobs by year's end. The company had announced Feb. 4 that it would take an $88.3-million charge against earnings in the fourth quarter to restructure its Alumax Mill Products Inc. subsidiary, which employs 2,200 people. The Riverside plant will continue to produce cast plate aluminum products.
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BUSINESS
February 18, 1994 | From Times Staff and Wire Reports
Alumax Inc. to Close Aluminum Operation in Riverside: The company said it will close its aluminum sheet operations in Riverside and Morris, Ill., eliminating 600 jobs by year's end. The company had announced Feb. 4 that it would take an $88.3-million charge against earnings in the fourth quarter to restructure its Alumax Mill Products Inc. subsidiary, which employs 2,200 people. The Riverside plant will continue to produce cast plate aluminum products.
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