Job cuts cast doubt over future of aluminium smelters

Job cuts cast doubt over future of aluminium smelters

As part of its efforts to combat climate change, the company is focusing its efforts on improving emissions-trading methods and is considering moving away from its reliance on coal, one of its key sources of energy, the company said.

“In the US we are looking at developing a carbon capture strategy with a focus on increasing carbon sequestration into the system rather than increasing emissions,” Paul Rinaldi, the general manager for the company’s carbon cycle program at the New York City-based organization, told Reuters.

On Wednesday, a report in Business Ins바카라ider reported that Foxconn had been forced to cut 3,500 jobs.

Foxconn’s Shenzhen headquarters in China is seen on August 13, 2013. REUTERS/Jason Lee

Under the new plan, Foxconn’s energy costs would remain roughly 50 percent below their 2010 lev바카라사이트바카라el, Rinaldi said.

Rinaldi declined to comment on the report about the impact of the layoffs.

Foxconn, which is owned by Foxconn Technology Group, makes the iPhone and other electronic devices, such as laptop computers and TV sets.

It was not immediately clear if the layoffs were linked to the company’s efforts to cut greenhouse-gas emissions or to lower energy costs in manufacturing.

The company has been criticized before for its greenhouse gas emissions in China, which make it the biggest supplier of the energy used in China in terms of raw material use and finished product.

The new carbon-capture plan for its carbon cycle center would reduce CO2 emissions from both the steel and aluminum production, and would allow Foxconn to further reduce demand for those metals, according to its official website.