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FirstEnergy will cut 400 jobs by 2016

Associated Press • Nov 10, 2012 at 11:38 AM

The (Cleveland) Plain Dealer reports that the company's CEO talked about the coming job cuts during a public teleconference with analysts Thursday about third-quarter financial results.

FirstEnergy's Anthony Alexander said the reductions would be made through "normal attrition" beginning next year.

The Akron-based company employs 17,000 people in 10 companies from Ohio to the East Coast. Its third-quarter net profits were down nearly 20 percent compared with the same period in 2011.

FirstEnergy was faced with restoring power to around 250,000 customers in northeast Ohio following superstorm Sandy last week.

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