FirstEnergy to cut 200 jobs, additional job loss possible in 2013

FirstEnergy Corp. (NYSE: FE) on Sept. 19 said it is expecting to cut 200 jobs as part of organizational study to determine how its workforce should be aligned to best meet the challenges of the continued weak economy.

The results of the organizational study will be announced in early November.

"This effort is in response to a combination of economic factors, including continued slow customer load growth and an abundance of electric generation supply resulting in low power prices," said Anthony J. Alexander, FirstEnergy president and chief executive officer.

In addition to the organizational study, the company said it also expects further workforce reductions occurring throughout 2013 as replacement of employees who leave the company through normal attrition will be limited.

Read more personnel and staffing news

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...