IPL Announces Corporate Restructuring

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Indianapolis Power and Light anticipates laying off more than 100 people in Indiana as a part of what was called restructuring plans of parent company A-E-S..

        The utility announced the moves Monday evening as part of a “global strategic transformation.”

        Under the restructuring, Craig Jackson will assume the role of president and CEO of both IPL and sister company Dayton Power & Light which will lay off 60 workers in Ohio.   The announcement did not say where Jackson would be based. He was formerly a senior vice president based in Dayton, Ohio.

        The Indiana Business Journal is reporting that it’s unclear what type of jobs will be impacted, or where they are located.   An AES spokesperson, Brandi-Davis-Handy says notifications will take place in the coming weeks and out of respect for our people, additional details about those positions won’t be released until all discussions have taken place.

        The reductions will take place by the second quarter of this year.

(information gathered from the Indiana Business Journal and Network Indiana)