Agreement secures Portland jobs20/01/2017
The Victorian Government has reached a breakthrough agreement with Alcoa to secure jobs for thousands of Victorians.
The 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 Portland’s largest employer and more than 1600 supply chain and indirect jobs depend on its operation.
The State Government has worked with Alcoa and the Commonwealth 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 Commonwealth 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.