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Entergy Layoffs to Impact 165 Employees in Arkansas

LITTLE ROCK, Ark. -- Entergy is laying off 800 workers; that's slightly more than 5 percent of the power company's workforce.
LITTLE ROCK, Ark. -- Entergy is laying off 800 workers; that's slightly more than 5 percent of the power company's workforce.

In Arkansas, 165 people will lose their jobs, according to KARK 4 News.

The company announced the news in its second-quarter earnings report, which stated the following:
The company continued to make progress on its seven strategic imperatives, designed to create sustainable value for all stakeholders, including improving financial performance and reducing uncompensated risks going forward. One of those imperatives is to optimize the organization through human capital management. HCM, a months-long effort, will position Entergy to provide optimal service to all stakeholders while creating real, sustainable savings. As part of this initiative, the company completed the comprehensive redesign of the organization, which will result in approximately 800 positions being eliminated. Total savings from HCM are estimated in the range of approximately $200 million to $250 million by 2016.

"Difficult decisions like job reductions are sometimes the very tough outcome of making long-term, fundamental improvements in the way a company works," said Leo Denault, Entergy's chairman and chief executive officer. "The redesign process has been comprehensive, thoughtful and focused squarely on being fair to our employees throughout the process and being responsive to the needs of our customers, our employees, our communities, and our owners."

Entergy employs about 15,000 employees and delivers electricity to 2.8 million utility customers in Arkansas, Louisiana, Mississippi and Texas.


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