Jobs in Illinois Cut by AmerenEnergy
Posted on July 28, 2009
One large energy company is planning to cut more than 40 jobs in Illinois. Visit http://www.illinoiscareers.com to learn more about employment in Illinois.
AmerenEnergy Resources, a holding company for Ameren Corp, has announced its plan to cut 42 jobs in Illinois. The company has been experiencing rising environmental compliance costs and difficult economic and power market conditions, making a reduction in jobs necessary.
According to an article by Reuters, most of the employees being laid off are in the company’s generation technical services group.The majority of the affected employees will be laid of in September, with a small group to be laid off in March 2010. The company also is planning to reduce its capital-intensive projects because of the high cost of financing such projects in the current market.
Ameren Corp has been trying to make costs easier on customers and earlier this year said it would reduce rates for its 1.2 million power customers in Illinois. The company also put on hold an effort to build a nuclear power plan in Missouri, as certain legislation would not allow for cost recovery during the construction process.
Ameren Corp, which is based in St. Louis, owns and operated more than 14,000 megawatts of generating capacity, markets energy commodities, and transmits and distributes electricity and natural gas to customers in Illinois and Missouri. One megawatt powers about 700 homes in Missouri.
The job cuts will slightly add to Illinois’ declining economy. During June, the state saw its unemployment rate increase from 10.1 percent to 10.3 percent, which is higher than the national unemployment rate of 9.5 percent.
The state had a total non-farm employment of 5,686,100 workers during June, according to the United States Department of Labor Bureau of Labor Statistics. This is down from 5,700,000 workers during May and a 4.6 percent decrease from last year.