Job cuts to reduce hydro workforce province-wide

Manitoba Hydro announced Friday that they will be reducing their executive team by 30% followed by a reduction in it’s workforce by 900 positions. The public utility said that they will also be restructuring middle management positions.

“Today’s announcement marks the first step in a process of significant transformation for Manitoba Hydro with changes in our executive leadership team and the realignment of our organizational structure,” said Manitoba Hydro President and CEO, Kelvin Shepherd. “These changes are a necessary first step towards achieving cost reductions within Manitoba Hydro and positioning us to execute on our strategic priorities that we have identified as core to Hydro’s success. As a result, three members of Hydro’s Vice President team will be leaving the company.”

In a news release the company said that it plans on offering employees a Voluntary Departure Plan beginning later this spring.

-News4 Staff-