Norsk Hydro to shut two US plants, cutting 350 jobs

Norwegian aluminium company ​Norsk Hydro will ‌close two of its metal ​extrusion plants ​in the U.S. next ⁠year, affecting ​around 350 ​jobs, the group said in a statement ​on Wednesday.

The ​two facilities, located at ‌California's ⁠City of Industry and in Delhi, Louisiana, ​face ​low ⁠capacity utilisation and would ​require significant ​capital ⁠investment to meet operational standards, ⁠Hydro ​said.

-Reuters