Change will be slow at Progress following merger | SCNOW

By ROBERT SLOAN
Published: January 14, 2011

"Sutton said savings in later years could come from the elimination of duplicate personnel. While no personnel reductions are expected for at least year, eventually “some of the work force will be reduced at both companies,” he said.

Sutton said most of the duplication among the two companies is at the corporate level.

“Because there is no overlap in the service areas, all the people at generation facilities, and in the field, they’ve still got the same work to do,” he said. “But corporate services — there is some duplication there.”

That’s generally good news for Progress’ employees in the Pee Dee, where most of the work is related to power generation and service.

Sutton said the company expects to manage most of the work-force reduction, when it comes, through attrition and careful management of vacancies.

It is likely Progress eventually will offer early retirement packages to its employees, he said."