FirstEnergy FE
announced today that it is conducting an organizational study to determine how
its workforce should be aligned to best meet the challenges of the continued
weak economy. The initiative will include a review of corporate support
departments and FirstEnergy Solutions, located primarily in Akron.
The results of the organizational study will be announced in early November.
Staffing reductions of approximately 200 employees are expected. 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 Anthony J. Alexander, FirstEnergy
president and chief executive officer. "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."
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