Business Services Industry
Kansas City, Mo.-Based Utility Aquila To Cut 200 More Jobs.
Knight Ridder/Tribune Business News, October, 2002
By Steve Everly, The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Oct. 23--Aquila Inc. will have shed nearly 25 percent of its work force by the end of the year, the company said Tuesday, which will include about 200 additional layoffs.
Richard Green Jr., the company's top executive, told an Edison Electric Institute conference on the West Coast that the cuts are necessary given Aquila's transition from an energy merchant to a utility company.
The company began the year with about 7,300 employees. So far, 1,015 employees have been laid off, and roughly 580 additional employees have left voluntarily or work for companies that Aquila sold to raise money.
From 1,700 to 1,800 workers will have been affected by the end...
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