By Boston Business Journal

Waltham, Mass.-based National Grid (NYSE: NGG) this morning announced a U.S. restructuring it says will cut 1,200 domestic jobs and save the utility $200 million in costs.

A National Grid spokeswoman said the company does not yet know how many Massachusetts jobs may be affected, or where the cuts will fall.

⿿It⿿s too early to tell because the new organization is in the process of being designed,⿝ said spokeswoman Jackie Barry. ⿿We won⿿t know where the reductions are until the new roles have been developed and identified.⿝

National Grid also announced the creation of three new regional president positions, overseeing four states. In Massachusetts, Marcy Reed, most recently senior vice president of public affairs for National Grid in the U.S., will head up the regional division.

Tom King, president, National Grid U.S., will ⿿assume responsibility for all U.S. business segments,⿝ the company noted in its release Monday morning. Previously, some lines of business, such as natural gas, had been overseen internationally.

The restructuring is part of a companywide move toward more state-focused management, the press release stated.

Copyright 2011 American City Business Journals

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