I agree. This is what I call cutting the fat. Wall street wants to see this. Of course, the laid off employees don't want to see this though. It sounds like Alcoa is going to throw all the bad news into this quarter's earnings report. There might be a sell off going into earnings now.
Sounds good to me. Restructuring is always good especially the way Alcoa is doing. Wasn't really expecting huge earnings 4th quarter. Mining only the amount they can use will increase the value 10x and cut their exposure to all the uncertainties of the market.