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Last updated on Tuesday, February 6, 2018
(INDIANAPOLIS) - Indianapolis Power & Light Company will be cutting 100 Hoosier jobs over the next few months as part of its parent company’s restructuring plan.
The AES Corporation, the parent company of IPL and Dayton Power & Light (DP&L), announced Monday that the "structural changes" were being made to allow them to operate more efficiently and affordable for customers.
Part of that restructuring includes reshaping their workforce by cutting 100 jobs in Indiana and 60 jobs in Ohio by the end of the second quarter of 2018.
To prepare for those changes the company has named Craig Jackson as President and Chief Executive Officer for both IPL and DP&L as of March 31. Ken Zagzebski will become the Executive Chairman of the Board of IPL.
"While these changes are difficult, they will allow us to improve efficiency and continue modernizing our infrastructure while maintaining affordable electricity for our customers," said Zagzebski. "This transformation will enhance our performance and support investments in new energy solutions that will make a positive economic contribution to both Indianapolis and Dayton."
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