News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Hennes Paynter Communications

Akron General

Meaden & Moore


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


First Energy expects to lay off 200 in Akron
Utility says lower demand for electricity leads to lay offs at Akron headquarters starting in early November
by WKSU's SIMON HUSTED

Reporter
Simon Husted
 

About 200 layoffs are expected to hit Akron weeks before Christmas season begins.

First Energy announced Wednesday that it is reducing the workforce in its Akron area offices by more than 8 percent in early November.

Company spokesman Todd Schneider says the layoffs are necessary because of weak demand brought on by the slow recovery.

Listen to Schneider

Other options:
Windows Media / MP3 Download (0:18)


“Power prices are at the lowest level since 2002, and demand for electricity is essentially flat,” says Schneider. “There’s no growth in the market. People aren’t using more and more electricity. Its maintained pretty steady at the same usage rates for the past several years.” 

First Energy doubled its size in 2010 when it bought Allegheny Energy for $4.7 billion.

Earlier this year, the Akron-based utilities company announced plans to shut down six coal-powered plants by this fall because of low demand and EPA regulations. Three plants along Lake Erie have since been required to stay in operation at least through 2015 to keep the power grid stable. First Energy says it will have to spend $1 billion to upgrade the plants to meet new EPA standards.  

Schneider says the November lay-offs are focused mostly on the company’s administrative staff.

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Ohio's Supreme Court narrowly upholds Ashford Thompson's death sentence
"Justices" William O’Neill, Paul Pfeifer and Judith Lanzinger should all be immediately removed from the court. If they could actually believe that this murde...

Ohio's Sen. Brown is pushing for more assistance for homeless vets
That would be a great program to have for the homeless vets. Many of them are still suffering from PTSD even from the Vietnam war.

Lordstown GM plant plans to install 8,500 solar panels
How much will this solar array cost? How is it being funded, and who is really paying for it? How much real useful electricity will it actually produce in MEh p...

Local Ebola concerns cause officials to pay more attention to West Africa
I have a better idea, let's secure our borders and spend those billions of dollars on our own first.

HUD and Cuyahoga Land Bank extend a housing deal for another year
Need to sale lot, and would like to know how to contact someone to see if they may be interested in the property that sat between two lots. If you can give me...

Akron Beacon Journal details abuse claims against televangelist Angley
In the early 90's I went forth for pray. And the man was anointed by the hand of God. Just a fact I will never forget

Lawmaker questions why a million voters didn't get absentee applications
He's a damn lie! I vote n all elections. I missed 1. Haven't gotten my absentee ballot and their making it hard to get one.

Thirsty Dog Brewery warns it might have to leave Akron
Why is it the city's responsibility to find this guy a location? There are a hundred realestate companies that could help him.

Kent State sends home three after contact with second Ebola-stricken nurse
Why weren't all health workers who were around Duncan quaranteened for 21 days and tested for Ebola? That's a no-brainer. Why was Vinson allowed to travel right...

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University