Ontario Power Generation to cut 1,000 jobs by 2014

Ontario’s leading power provider says it’s planning to reduce its staff by 1,000 positions over the next three years.

Ontario Power Generation says the jobs will be eliminated through attrition between now and 2014.

Spokesman Ted Gruetzner says the company is not planning to lay off any employees or offer incentive packages to encourage staff members to retire early.

He says the reductions are part of a long-term strategy to trim $200 million from the budget.

That strategy has already seen the company merge its hydro and thermal businesses and streamline its administrative offices into a centralized corporate division.

Ontario Power Generation is owned by the provincial government and generates about 60 per cent of the province’s electricity.

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