TVA to explore voluntary layoffs to cut costs

Tennessee Valley Authority TVA voluntary layoffs cut costs

In the face of low energy demand and reduced revenues, the Tennessee Valley Authority is looking to voluntary layoffs and attrition as it tries to control spending, Nooga.com, a local news site in Chattanooga, Tenn., reports.

There are no details yet on how many of TVA’s 12,762 employees will be affected. Benefit packages, a TVA spokesperson said, would vary depending on which part of the TVA organization an employee who opted for a voluntary layoff came from—not all parts of the organization, he said, would be affected.

The layoffs will come as TVA faces the possibility, revealed in the Obama administrations 2014 budget proposal, that the publicly-owned utility could be privatized.

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