A new Justice Department policy gives defense counsel a framework for winning reduced monetary penalties for fiscally poor client companies.
Under an agreement with regulators, the company will pay $150 million into its two largest pension funds after it splits into two separate entities.
The metals maker may cut as many as 2,000 positions to improve its cost structure.
The company's revenue took a hit from sharply lower aluminum prices as it prepares to split into two standalone entities.
The aluminum company's results disappoint in the first reporting period since it announced it would split into two companies.
Amid a drop in aluminum prices, Alcoa is following the lead of other firms that have split to become more focused.
