PITTSBURGH - Alcoa Incorporated has announced plans Wednesday to cut eight-thousand jobs this year and sell non-core businesses that aren't producing what it calls ``superior'' profits, including a company based in Norcross, Georgia. <br>
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The news came as the world's largest aluminum producer reported a wider-than-expected fourth-quarter loss. <br>
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The company also has reviewed all of its businesses ranging from alumina -- the raw material used to make many aluminum products -- to automotive supplies. <br>
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Alcoa had expected market losses in aerospace and other industries to flatten out, yet Alcoa's sales continued to slide. <br>
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For the quarter ended December 31, the company lost $223 million, or 27 cents per share. Revenue slipped to $5.06 billion from $5.1 billion a year earlier.
