Tuesday, January 11, 2011

Deal boosts energy hub plan - Business - TheState.com

David Perlmutt
"A merger would come with short-term pain as the two companies cut redundant jobs.
Duke trimmed about 1,500 jobs when it merged with Cincinnati-based Cinergy in 2006. Last year, Duke announced that about 900 employees had agreed to take buyouts as part of cost-cutting moves and consolidation of some corporate functions between Charlotte and Cincinnati. Duke has 18,500 workers total, including about 7,600 in North Carolina.
Jennifer Roberts, chairman of the Mecklenburg County Board of Commissioners, said that while she was excited about the prospects of the merger, she’s concerned about the potential job loss."

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