Coming home: Alcoa to move headquarters from New York to Pittsburgh
Alcoa is coming home.
The aluminum giant that was founded in Pittsburgh nearly 130 years ago and based in the city for decades will shutter its New York headquarters and move its offices to Pittsburgh by September in an effort to save $5 million, Alcoa announced Wednesday .
Allegheny County Executive Rich Fitzgerald said a series of conversations between the company and state, county and city officials swayed Alcoa to return. Fitzgerald met with top Alcoa brass in December in New York and said he sensed the company was interested in relocating.
Pittsburgh Mayor Bill Peduto and staff from Gov. Tom Wolf's office and the state Department of Community and Economic Development also lobbied for Alcoa's return.
“They noticed a lot of the buzz that was happening around Pittsburgh, and obviously having that connection in the past gave us an advantage,” Fitzgerald said Wednesday. “A lot of things that are happening right now in Pittsburgh really feed into what Alcoa does.”
Peduto said he was pleased to welcome Alcoa back to Pittsburgh.
“This is an example of the type of job creation that occurs when government and business leaders work together,” Peduto said in a statement.
Fitzgerald said Alcoa was offered incentives to return to Pittsburgh but he was not sure of the complete package.
“This is an exciting development for Western Pennsylvanian and another testament to the growing strength and attractiveness of the region for businesses,” Wolf said in a statement.
The move will bring about 10 employees from New York to Alcoa's Pittsburgh offices along Isabella Street on the North Shore.
Alcoa has about 205 employees at its North Shore office.
There are about 40 employees and contractors at the Alcoa Technical Center in Upper Burrell and another 70 contractors who work between the two locations.
Alcoa split on Nov. 1 . The company retained its traditional aluminum commodity business and created Arconic to handle its aerospace and automotive parts manufacturing business.
“We are taking every opportunity to streamline Alcoa to reduce complexity,” Alcoa CEO Roy Harvey said in a statement.
Harvey and other top Alcoa executive, including CFO William Oplinger, will move to Pittsburgh.
Over the next 18 months, Alcoa will close offices in Richmond, Va.; Nashville, Tenn.; Chicago; Milan; Geneva; Reykjavik, Iceland; and Beijing.
Alcoa expects these moves, along with shifting the headquarters to Pittsburgh, to save the company $5 million.
Aaron Aupperlee is a Tribune-Review staff writer. Reach Aupperlee at email@example.com or 412-336-8448.