Thread regarding Vectren Corp. layoffs

CenterPoint / Vectren Mergers Layoffs

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.

| 1240 views | | 1 reply (February 4, 2019)
Post ID: @OP+XsY9bbc

1 reply

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.”

Post ID: @epo+XsY9bbc

Post a reply