I will not mortgage the future of the company.
More Quotes from Alain Belda:
The fourth quarter has proven to be extremely challenging as a result of lower volumes, depressed metal prices, and overall weak downstream markets.Alain Belda
We are focused on managing what is under our control,
Alain Belda
While we are not pleased with the short term impact the labor issues have had on our bottom line, our actions are aimed at enhanced global competitiveness of our North American operations,
Alain Belda
Global manufacturing weakness has persisted longer than we anticipated, ... In particular, aerospace, industrial gas turbine and telecommunication markets remained soft, reinforcing the need to increase the scope of our cost savings and restructuring initiatives.
Alain Belda
We are not satisfied with these results, ... We are confident that the restructuring of our primary and fabricating businesses, coupled with our continued focus on implementing the Alcoa business system and our commitment to grow the company, will enable us to resume sustainable savings and profitable growth in 2002 and beyond.
Alain Belda
It was a great quarter by any measure. We did not have significant one-time effects as we did throughout the year last year.
Alain Belda
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