This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SCE Begins Notification Process To Eliminate 600 Nuclear Plant Jobs

Southern California Edison (SCE) issued a workforce reduction notice Monday that approximately 600 non-union jobs will be eliminated at the San Onofre nuclear plant this summer.

The notice follows SCE’s announcement on June 7 to permanently retire San Onofre Units 2 and 3. The nuclear plant’s workforce of 1,500 will be reduced to 400 next year as preparations proceed to decommission the 2,200-megawatt plant.

The Worker Adjustment and Retraining Notification (WARN) Act notice issued Monday signals that non-union employees affected by the workforce reduction will be laid off in a little over 60 days. In addition, SCE will work with the Utility Workers Union of America and the International Brotherhood of Electric Workers through the collective bargaining process on transition plans for the union employees affected by the shutdown.

“The premature shutdown of San Onofre is very unfortunate,” said Pete Dietrich, SCE’s senior vice president and chief nuclear officer. “We have an extraordinary team of men and women. We appreciate their years of dedicated service and will continue to extend to them the utmost respect and consideration.”

He noted the company will work to ensure a fair process for the transition, including a job fair for displaced workers.

For more information about SCE, follow us on Twitter and on Facebook.

About Southern California Edison

An Edison International (NYSE:EIX) company, Southern California Edison is one of the nation’s largest electric utilities, serving a population of nearly 14 million via 4.9 million customer accounts in a 50,000-square-mile service area within Central, Coastal and Southern California.

Copyright Business Wire 2010

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,269.00 +210.65 1.31%
S&P 500 1,931.28 +17.43 0.91%
NASDAQ 4,697.4880 +61.3830 1.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs