Exelon-PSEG deal to result in 900 N.J. job cuts

[UpInArms]

http://www.nj.com/business/ledger/index.ssf?/base/business-8/1103695862122440.xml

The proposed merger of Public Service Enterprise Group and Exelon will result in the elimination of 900 jobs in New Jersey, most of them at the PSEG unit that operates three nuclear power plants in Salem County.

The $12 billion deal announced Monday, which would create the country's largest power supplier, also will eliminate 200 jobs in Pennsylvania and another 300 jobs in Illinois, according to Exelon Chief Executive John Rowe.


Rowe, who will become chief executive and president of the combined company, said most of the job cuts in Pennsylvania and Illinois can be achieved through retirement and attrition, so there will not be major layoffs there. He did not say how the job cuts would be achieved in New Jersey.

...more...

[mhr]

1. Every Day More Jobs Lost, Every Day More Fundies And Freepers

Deceived.

These folks must have rose colored glasses a mile thick.

They so distort reality that bad times look good.

[Davis_X_Machina]

2. I hope this doesn't affect...

...the Blueclaws, the Phillies' single A farm team in Lakewood. I believe Public Service has naming rights to their stadium.