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PITTSBURGH
Aluminum producer Alcoa Inc. says it’s cutting about 13 percent of its global work force and slashing spending and output due to the economic downturn. The Pittsburgh-based company says 1,700 contractors also will be cut and that it’s implementing a global salary and hiring freeze. As a result of its actions, Alcoa expects fourth-quarter charges of between $900 million and $950 million. The company expects to report quarterly results Jan. 12.Please enable JavaScript to view this content.