Kaiser Aluminum plans to close the Tulsa extrusion facility. About 45 employees at the Tulsa facility will be affected.
The company also announced it will significantly reduce operations at its Bellwood, Va., facility and 125 employees will be impacted.
The actions are expected to be completed early next year and result in a restructuring charge of approximately $6 million to $10 million in the fourth quarter of 2008 related to employee benefits, asset impairment and other related costs.
The Tulsa and Bellwood facilities primarily produce extruded seamless tube and rod and bar products sold principally to service centers for general engineering applications.
The operations and workforce reductions are a result of deteriorating economic and market conditions, the company said.
Kaiser Aluminum continues to maintain capacity throughout its operations capable of meeting customer needs and serving anticipated market demand in the core markets of extruded rod and bar, seamless tube, and automotive products. The Bellwood facility will continue to produce drive shaft tube for automotive applications, seamless tube and large diameter rod and bar for service centers.