Hundreds of Entergy layoffs to hit Louisiana
BATON ROUGE - Entergy announced this week they would lay off 800 employees to cut costs company-wide, and that a quarter of those layoffs would happen in Louisiana.
A spokesperson for Entergy said around 240 positions would be eliminated in Louisiana, with 25 of those happening in Baton Rouge. They said that's about 5 percent of their statewide workforce, and 4 percent of their Baton Rouge staffing.
Arkansas would lose about 165 jobs, Texas 115 and New York 110. About 10 percent of Entergy's Texas workers will lose their jobs; other figures range from 4 percent to 6 percent of the state total. Mississippi stands to lose 80 jobs, Massachusetts, Michigan and Vermont about 30 each.
The New Orleans-based utility provider announced the layoffs as part of their second-quarter earnings report. They said earnings fell 55 percent to $163.7 million, mostly because of a larger income tax burden than a year ago.
"Our goal is to improve the way we work and place the right people with the right skills in the right roles," said corporate spokesperson Charlotte Cavell. "Extra care was given to ensure we did not adversely impact the safe and reliable delivery of electricity to our customers."
The layoffs are estimated to save the electricity provider $200 million to $250 million over the next three years.