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Dominion Will Cut 700 Jobs this Year

Dominion Will Cut 700 Jobs this Year

Dominion Resources said last week it will eliminate 700 jobs as a result of its merger with Consolidated Natural Gas. About half of the employees affected already have left, the company said. The job cuts and improved efficiencies created by the merger are expected to save the company at least $75 million in 2000.

"The vast majority of these positions are in corporate support services in Richmond and Pittsburgh, as we've said from the beginning," said Bill Mistr, vice president-merger integration. "While there will be efficiencies in our operating companies, the primary focus is on enhancing and improving customer service at all levels to prepare for competition."

Dominion and CNG completed their merger Jan. 28, creating the nation's largest fully integrated natural gas and electric power company, with nearly 4 million customers in five states served by a work force of 17,000.

Rocco Canonica

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