Victoria Reaches Agreement With Alcoa Over Portland Smelter

Victoria Reaches Agreement With Alcoa Over Portland Smelter

Victoria Premier Daniel Andrews

Landmark Agreement Secures Alcoa Jobs

Victor P Taffa

Andrews Government has reached a breakthrough agreement with Alcoa to secure jobs for thousands of Victorians.

“We promised Portland workers we would leave no stone unturned in our efforts to keep the smelter open and we have delivered certainty to thousands of local workers and their families.” Premier Daniel Andrews said.

State Government worked tirelessly to keep Alcoa’s Portland Smelter operating, following a power outage on 1 December 2016 which threatened the smelter’s future.

“The smelter is critical to Victoria’s economy and we have made sure the Portland region does not lose out following December’s power outage.” Minister for Industry Employment and Resources Wade Noonan said.

Alcoa’s smelter is Portland’s largest employer and more than 1,600 supply chain and indirect jobs depend on its operation.

Andrews Government has worked with Alcoa and the Federal Government towards a solution because of the important role it plays in Victoria’s economy.

Victoria will make a significant contribution over four years to sustain the smelter and the Federal Government will also provide support.

This win for Portland comes after months of negotiations, including trips by the Minister for Industry, Employment and Resources Wade Noonan to meet with Alcoa’s global chief in New York.

In parallel, Alcoa and AGL have finalised a deal to secure the smelter’s energy supply.

Most importantly, this agreement addresses the uncertainty felt by Alcoa workers and their families and the broader community about the future of the Portland smelter.

In addition to 650 direct employees and contractors, the Portland Smelter injects more than $120 Million annually into the Portland region and about $386 Million of broader economic benefit.