Duke Energy and Progress Energy have fine-tuned their staff-reduction estimates in their pending merger as the two North Carolina companies continue working on their merger integration plan.
The two electric utilities told the N.C. Utilities Commission today they expect to eliminate 1,860 positions over three years. That's down from an earlier estimate that placed the maximum potential staff reduction size at 2,000.
The N.C. Utilities Commission, which is reviewing the proposed merger, requested the updated data. Merger critics argue that the enormity of the staff cuts during one of the most severe economic downturns in decades means the merger is not a public benefit for the state.
Charlotte-based Duke and Raleigh-based Progress also disclosed that they expect 347 workers would be laid off or would leave on their own over the next three years, but the layoff total will depend on how many workers leave on their own. Those laid off will be redundant workers who did not take an early buyout offer or did not leave for another job.