For all of you who think the big Ohio power company conglomerates are all about creating jobs and helping local economies, think again. The job cutting has begun at FirstEnergy. They have started by clearing out what they see as the dead wood in Allegheny’s Pennsylvania operations.
In its approval of the FE/Allegheny merger by the WV PSC included some no-layoff restrictions for two years, but the Pennsylvania experience shows that FE has all kinds of fancy language like “re-assignment” for covering up their layoffs.
More mergers are coming in the electrical industry. And more unemployment.