I am with CenterPoint and we had cuts. Multiple CNP folks were affected. I heard that Vectren people were affected as well but I am not sure. I hope all of this is behind us and that there will be no cuts on Monday - I hope things continue to improve and that we'll stabilize and grow, so no additional cuts takes place. Good luck to all.
Two percent of the combined company's workforce was let go, with reductions occurring in Evansville and Houston.
A hard number of layoffs was not released. It has about 14,000 employees with assets totaling approximately $29 billion and an enterprise value of $27 billion.
“Today, we come together as one company. With a greater level of business operations, resources and capabilities, we plan to execute a unified business strategy focused on the safe and reliable delivery of electricity, natural gas and energy-related services,” said Scott M. Prochazka, president and chief executive officer of CenterPoint Energy. “It is a time of transformation for our industry, and I believe CenterPoint Energy will be well positioned to deliver traditional energy services with innovative solutions that meet customers’ evolving needs and expectations.”