Job Cuts Coming: DP&L And Parent Company Announce Global Restructuring
Dayton Power and Light and parent company AES Corporation have announced more than 150 employees will be cut in Indiana and Ohio. The cuts, which are part of a restructuring plan announced Tuesday, are expected to take place over the next few weeks.
As part of the restructuring, officials say at least 100 workers fromIndianapolis Power and Light will be cut.Another 60 employees in Ohio will lose theirjobs, though it’s unclear exactly how many employees will be from the Dayton-area.
Mary Ann Cable with DP&L says decisions like this are never easy.
“These are transitions that are intended to enable DP&L, as well as other AES companies - since this is a global transformation - to continue providing our quality service, make those investments that we need, and to optimize ourselves for the future,” she says.
The restructuring plan also calls for executive staffing changes.
DP&L CEO Tom Raga, will move to the position of executive vice president of DP&L’s holding company -DPLInc. Current Chief Financial Officer forIPLand DP&L, Craig Jackson, will assume Raga’s position.
AES Corporation, which purchased DP&L in 2011, is a “Fortune 200” global company operating worldwide.
Officials say the restructuring in Indianapolis and Ohio is part of a larger plan that has already lowered the company’s so-called “geographic footprint” from 28 countries down to 16.
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