Edison International to Lay Off 1,100 Workers in Calif.

Following the decision earlier this month to partially shut down its San Onofre nuclear plant, Edison International (NYSE: EIX  ) announced Wednesday that it will be laying off 600 non-union workers at the plant this summer.

By next year, the station will have laid off a total of 1,100 employees, dropping its workforce at the San Onofre plant to just 400 as decommissioning continues, the company said.

Per regulatory policy, Edison International's Southern California Edison (SCE) subsidiary has notified non-union workers that they will be let go in about two months' time. For unionized workers, the utility will be working with union groups to develop transition plans.

"The premature shutdown of San Onofre is very unfortunate," said SCE's Senior Vice President and Chief Nuclear Officer Pete Dietrich in a statement. "We have an extraordinary team of men and women. We appreciate their years of dedicated service and will continue to extend to them the utmost respect and consideration."

link


Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 27, 2013, at 10:04 PM, quasimodo007 wrote:

    .Shame on them for buying Shoddy and Cheap parts to put in a Nuclear power Plant and then raising the Utilities rates this is called THE GREAT American RIP OFF on the POOR Americans.

    while they walk around in their $50,000.00 suits.and they still huge raises too for POOR services for customers.

Add your comment.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2513684, ~/Articles/ArticleHandler.aspx, 10/24/2014 1:13:59 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement