Alcoa Foundation offers $1.25M to interest youths in manufacturing
The Alcoa Foundation, the charitable arm of the Pittsburgh-based aluminum company, said today it's offering $1.25 million to begin manufacturing internship programs in eight countries during the next two years.
The foundation will be working with the Institute of International Education and giving $125,000 to nonprofits to start the paid internship programs aimed at getting 500 young people started in manufacturing.
“We are proud to work with our nonprofit partners around the world in bringing these opportunities to our Alcoa locations and offer attractive options for the youth to explore careers in manufacturing and engineering,” Klaus Kleinfeld, Alcoa Inc. CEO and Chairman, said in a statement.
Company leadership in Australia, Brazil, Canada, France, Jamaica, Spain, United Kingdom and the United States will choose the nonprofit organizations with job readiness programs, according to the company.
Alcoa, which has its North American rolled products factory in Manheim Township, Lancaster County, is celebrating its 125th anniversary this year. Alcoa trades its shares on the New York Stock Exchange under the ticker symbol AA.