by Max Brantley
The job cuts were revealed in the company's second quarter report (down sharply from the same quarter a year ago) to shareholders.
From that report:
The company continued to make progress on its seven strategic imperatives, designed to create sustainable value for all stakeholders, including improving financial performance and reducing uncompensated risks going forward. One of those imperatives is to optimize the organization through human capital management. HCM, a months-long effort, will position Entergy to provide optimal service to all stakeholders while creating real, sustainable savings. As part of this initiative, the company completed the comprehensive redesign of the organization, which will result in approximately 800 positions being eliminated. Total savings from HCM are estimated in the range of approximately $200 million to $250 million by 2016.
“Difficult decisions like job reductions are sometimes the very tough outcome of making long-term, fundamental improvements in the way a company works,” said Leo Denault, Entergy’s chairman and chief executive officer.
“The redesign process has been comprehensive, thoughtful and focused squarely on being fair to our employees throughout the process and being responsive to the needs of our customers, our employees, our communitiesand our owners."
Entergy's Hugh McDonald tells Roby Brock at Talk Business that some management jobs and a Little Rock call center are among the cuts, but no lineman, journeyman or field supervisor jobs will be cut. If 165 jobs are cut, that's almost 5 percent of the company's 3,500 Arkansas workers.