Friday 3:46am
October 31, 2014
Currently 46°F
Posted: Wednesday, August 6th 2014 at 1:41pm

TVA to cut more than 2,000 jobs

By The Associated Press
EMAIL STORY CONTACT EDITOR PRINT
CHATTANOOGA, Tenn. (AP) -- The nation's largest public utility is eliminating more than 2,000 jobs as part of a $500 million cost-cutting campaign.

The Chattanooga Times Free Press (http://bit.ly/1qX1qLU ) reports the Tennessee Valley Authority is making the cuts this year to pare expenses and make electric rates in the Tennessee Valley more competitive with neighboring utilities.

Most of the staff reductions are being made by not filling vacant jobs and through retirements and resignations by the end of next month.

TVA President Bill Johnson said this week that the voluntary reduction offers were well received and avoided the need for massive firings, although some employees are being laid off.

The staff cuts are the agency's largest in more than two decades.
Associated Categories: Business News, Local/State News

© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.107274
icon
46°F
Gainesville, GA 30501
Clear
Wind: North 0 mph
Dew point: 43°F