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Economy & Business

Alcoa Moving Headquarters From New York Back To Pittsburgh

AP_17093706599559.jpg
Keith Srakocic
/
AP
A sign marking the Alcoa and Arconic office building is seen above the Seventh Street Bridge on Monday, April 3, 2017. Alcoa announced it will relocated its headquarters to Pittsburgh from New York.

Alcoa Corp. is moving its global headquarters back to Pittsburgh, where the 129-year-old company had been based until moving to New York City in 2006.

Alcoa has maintained offices in Pittsburgh and 10 employees will relocate from its New York headquarters when the move is made Sept. 1. Alcoa already has 205 employees in Pittsburgh who share a building with Arconic, a spinoff company created when Alcoa split off its mining, refining and aluminum businesses in November from businesses that make aluminum parts for aerospace, automotive and other industries.

Alcoa also plans to close offices in Richmond, Virginia; Nashville, Tennessee; and Chicago; as well as Milan and Geneva in Europe; Reykjavik, Iceland; and Beijing.

Combined, the moves should save the company about $5 million a year.