Norsk Hydro to shut two US plants, cutting 350 jobs

Norsk Hydro will close two U.S. metal extrusion plants next year, impacting around 350 jobs. The move signals a restructuring step and suggests operational pressure in its extrusion business. While notable for the company and affected employees, the announcement is unlikely to have broad market implications.

Analysis

Norsk Hydro will close two U.S. metal extrusion plants next year, impacting around 350 jobs. The move signals a restructuring step and suggests operational pressure in its extrusion business. While notable for the company and affected employees, the announcement is unlikely to have broad market implications.