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FirstEnergy to cut 200 jobs

September 22, 2012
By LINDA HARRIS - Business editor (lharris@heraldstaronline.com) , The Herald-Star

AKRON - FirstEnergy is planning to trim its work force by roughly 200 positions.

The company announced it is conducting an organizational study "to determine how its work force should be aligned to best meet the challenges of the continued weak economy," adding that effort will include a review of corporate support departments and FirstEnergy Solutions, located primarily in Akron.

Results will be announced in early November, they said. Affected employees will be eligible for benefits under FirstEnergy's severance plan.

"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 FirstEnergy President and CEO Anthony J. Alexander. "While this is a difficult step to take, it is part of our ongoing efforts to meet these economic challenges head on and ensure the company is positioned for long-term growth and success."

In addition to the organizational study, the company also expects further work force reductions throughout 2013 through attrition, as replacement of employees who leave the company through death or retirement will be limited.

 
 

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