Alcoa has completed a £1.7bn takeover of Sheffield aerospace components company Firth Rixson – and to celebrate handed more than £40,000 to good causes including work-wise.
The US metals giant announced in June it was buying the historic Sheffield company from a US private equity house.
It has now taken on Firth Rixson’s 2,400 employees across 12 factories worldwide, including four in Sheffield. To mark the occasion, the Alcoa Foundation announced a total of £41,000 in grants to three non-profit organisations. Amongst them is The Work-wise Foundation. The industry led Charity that prepares young people for engineering and manufacturing jobs, will receive £9,500.
The grant will enable 30 young people to participate in the “Engineering Tomorrow’s Talent” program, which provides the opportunity to explore and experience future careers and employment within the Sheffield City region’s engineering and manufacturing sector. This program is designed to complement academic lessons already in place and seeks to demonstrate the relevance of a solid education for future STEM-related career opportunities.
“Ensuring that young people – who are our future workforce – have the skills and motivation for work is not only essential for economic growth but it also releases young people trapped in third generation unemployment, and the poverty and deprivation that follow,” said Jackie Freeborn, from The work-wise Foundation. “We are incredibly grateful for the grant we have received that will enable 30 young people to find jobs and apprenticeships in local industries.”
Grants have also been awarded to The University of Sheffield Faculty of Engineering and The Children’s Hospital Charity.
“Alcoa Foundation partners with organizations in our communities to address local needs,” said Scott Hudson, Principal Manager of Social Responsibility and Community Outreach, Alcoa Foundation. “These dedicated non-profit organizations continue to positively impact the youth in Sheffield, and we are proud to work with them to strengthen their efforts.”