KeySpan Workers on Tinderhooks as Merger with National Grid Looms

Both Brooklyn-based KeySpan and National Grid -- the British company close to taking over KeySpan, once known as Brooklyn Union Gas -- have initiated an early retirement offer for management-level employees in an effort to cut some 700 jobs, according to Newsday.

The job cuts are crucial for "the promised hundreds of millions of dollars in so-called synergy savings" from the merger. If the voluntary program doesn't do the job, however, the two companies will "review other options."

One KeySpan veteran said the planned cuts have affected worker morale. "Everybody is walking on eggshells," said the worker.

More here.

Previous posts about the KeySpan/ National Grid merger here.

Photo by MK Metz