BUFFALO, NY (WKBW-TV) - National Grid plans to layoff nearly 1,200 employees by March of 2012 as it restructures to increase local focus, improve customer service and deliver efficiencies.
It is not clear right now how they layoffs will affect the roughly 900 employees that work for National Grid here in Western New York.
The Massachusetts based company says it is committed to improving its U.S performance that will create a more locally focused organization led by regional presidents responsible for understanding and meeting the needs of customers, communities and regulators in each state or jurisdiction where the company operates.
The new regional presidents are: Marcy Reed, Massachusetts; Kenneth Daly, New York; Timothy Horan, Rhode Island/New Hampshire; John Bruckner, Long Island; and Peter Flynn, FERC Regulated Businesses and distribution system on Long Island.
National Grid expects to reduce its costs by approximately $200 million with the new structure.
“The decision to reduce our U.S. workforce is a very difficult one,” King said in a statment. “But we must ensure we are working within our financial means and focusing on the things that really matter to our customers and regulators.”
The new organization takes effect in April. The staffing process will occur during the next several months and will be completed this summer. Employees not selected for a position will be eligible for a severance package.