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.
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