Noranda cuts jobs after rate hike rejection

The Noranda smelter employs about 900 people in the New Madrid area. | Courtesy of KOMU News/Flickr
The Noranda smelter employs about 900 people in the New Madrid area. | Courtesy of KOMU News/Flickr

Since the state has rejected its request for a special electric rate, Noranda plans to lay off up to 200 of its 900 employees at its aluminum smelter in southeast Missouri, suspend a $30 million expansion project and possibly move construction of a new mill to another state. The Tennessee-based company also said it plans to file a motion requesting a rehearing of the Missouri Public Service Commission’s denial of its rate request.

Noranda filed a request with state regulators in February seeking a 25 percent reduction in its electricity bill. It already paid less than any other Ameren Missouri customer.

Read more from the St. Louis Business Journal


Tags:, , , , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students