Alcoa Foundation Announces US$1.25 Million Global Internship Program for Unemployed Youth

by Business Wire via The Motley Fool Sep 30th 2013 11:40AM
Updated Sep 30th 2013 11:42AM

Alcoa Foundation Announces US$1.25 Million Global Internship Program for Unemployed Youth

NEW YORK–(BUSINESS WIRE)– Today, Alcoa Foundation announced a US$1.25 million internship program for 500 students in eight countries over the next two years. The program is a community-wide initiative involving several manufacturing companies and will be managed by the Institute of International Education (IIE). The goal is to provide unemployed youth with the experience to start a successful career in manufacturing.

The announcement was made at Alcoa’s 125th anniversary celebration in Pittsburgh, PA, by Chairman and CEO Klaus Kleinfeld, who stressed the importance of youth receiving work-related experience and information about post-secondary education and technical training options.

“To educate and train young people well is fundamental for allowing them to create their own future. This is critically important for the individual as much as it strengthens the communities they live in. 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.”

Alcoa (NYS: AA) leadership in Australia, Brazil, Canada, France, Jamaica, Spain, United Kingdom and the United States will select nonprofit organizations with job readiness programs to financially support, that will place students in internships with local manufacturers.

“This program will provide student interns with valuable hands-on learning experience and teach the skills necessary for a career in advanced manufacturing,” said Tricia Napor, Vice President, Alcoa Foundation. “In addition, local nonprofits will work with Alcoa locations to arrange volunteers to mentor interns, share manufacturing expertise, and host locations visits for all interns in the program.”

Each nonprofit will receive on average US$125,000 to deploy a paid-internship program in the community.

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