AKRON, Ohio (AP) — FirstEnergy Corp. said Wednesday that it will cut 200 jobs in November following an assessment of its workforce.

The electric company, based in Akron, Ohio, is looking at how its workers should be deployed to cope with the weak economy. This will include a review of its corporate support departments and its subsidiary FirstEnergy Solutions business, both based in Akron. It will announce the results in November.

The company currently employs about 17,000 people. FirstEnergy also expects its total workforce to shrink by attrition next year.

In addition to the sluggish economy, FirstEnergy said it has struggled with weaker demand and lower prices due to an abundant supply of electricity.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.