Credits: QMI AGENCY
TORONTO - Ontario Power Generation is shedding 1,000 jobs across the province as it prepares for a coal-free future.
OPG spokesperson Ted Gruetzner said Wednesday the move away from coal generation and toward alternative and gas energy sources will reduce the amount of electricity the organization produces, currently about 60% of the province's supply.
The company needs to become a leaner organization to reflect that reality, he said.
"We will be saving $200 million by reducing 1,000 staff positions over the next three years through attrition," Gruetzner said.
Some 300 positions have already been cut since December by measures such as merging supply and procurement functions, he said.
The cost cutting comes at a time when the provincial government is attempting to conquer a large deficit, in part by maximizing proceeds from publicly-owned assets such as OPG, the Liquor Control Board of Ontario (LCBO) and the Ontario Lottery and Gaming Corporation (OLG).
OPG owns and operates two nuclear power stations, four coal plants, one oil and natural gas plant, 65 hydroelectric power stations and two wind power turbines.
The current plan is to stop generating electricity with coal by the end of 2014.