Weak demand for aluminum rolled products has led Constellium to furlough close to 250 employees at its aluminum plant in Ravenswood US.
The company announced that demand from its two major markets–aerospace, and automotive and transportation–is severely hit because COVID-19 related shutdowns have caused them to reduce operations. The low demand for rolled products because of these reductions has, in turn, curtailed Constellium’s output.
The company employs around 1,150 workers in the plant at present and the temporary layoffs are expected to last for two months from June 1 to July 30.
The company had reported some of its employees tested positive for COVID-19 in the previous months, however all of them have recovered. Furthermore, the company indicated it was following strict safety protocols within the plant.
Constellium produces value-added aluminium products through 28 manufacturing sites globally with a 100,000mt production capacity and $6.4bn revenue as of 2019.