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Tax Break Being Considered For Century Aluminum
By: Associated Press
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West Virginia officials are considering an annual $20 million tax break meant to help Century Aluminum restart its Jackson County smelter.
But retirees must first agree to a deal involving health benefits before officials say they'll propose such aid.
Officials are discussing tax credits meant to help the California-based producer cope with electricity costs when aluminum prices are weak.
The plant employed around 650 people when it idled in 2009. But the company then began cutting off health coverage for its retirees.
Century announced a proposed agreement over the ended benefits late last month. Retirees are meeting Thursday evening to vote on the offer.
The company has said that a competitive labor agreement is among the remaining hurdles for a potential restart of the plant