ARI SHAPIRO, host: NPR's business news starts with layoffs spreading throughout the economy.</s>ARI SHAPIRO, host: The car industry is shrinking, housing is in a slump, and that means aluminum makers are in trouble. The lightweight metal is not just used for foil, it's also in cars and home appliances. The world's largest aluminum maker is Alcoa, and now that company says it's getting rid of more than 15,000 jobs. That's about 15 percent of its workforce. Alcoa's global rivals are also cutting costs. The entire industry is being hit by falling demand and falling aluminum prices.
Aluminum producer Alcoa Inc. plans to cut roughly 13 percent of its global work force by the end of the year. It is slashing costs in the face of a deteriorating world economy. Alcoa's global rivals also are cutting costs. The entire industry is being hit by falling demand and falling aluminum prices.