- Associated Press - Wednesday, August 6, 2014

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 (https://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.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More

Click to Hide