Progress Energy to make big job cuts in Raleigh
RALEIGH, NC (AP) — Progress Energy plans to cut as much as half of its work force at its downtown Raleigh headquarters if its planned merger with Charlotte-based Duke Energy is approved.
The utility has notified its workers to expect corporate operations to lose between 700 and 1,000 workers in the company’s two high-rise offices.
Progress has said that under the merger plans announced in January it would keep a substantial downtown Raleigh presence. This is the first time company has put a number on that promise.
The corporate merger will create the country’s biggest electric utility with 7 million customers in six states. The combined company will be headquartered in Charlotte.
Notices of which jobs will be eliminated or preserved will be made next month.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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