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Why 100 People Will Lose Their Jobs at IPL

The company says it's reorganizing and some of the employees will be cut as a result.

INDIANAPOLIS--About 100 people who work for Indianapolis Power and Light will lose their jobs, said the company Monday, after announcing it was restructuring. 

That means the company is trying to correct some financial difficulties. The parent company, AES, which also owns Dayton Power and Light, in Ohio, said about 60 people will be laid off there. The changes will happen in the first half of this year.

“While these changes are difficult, they will allow us to improve efficiency and continue modernizing our infrastructure while maintaining affordable electricity for our customers,” said Ken Zagzebski. “This transformation will enhance our performance, and support investments in new energy solutions that will make a positive economic contribution to both Indianapolis and Dayton.”

Zagzebski will become the new chairman of the board of IPL at the end of March, while Craig Jackson will assume the role of President and Chief Executive Officer for both IPL and DP&L on March 31. Jackson has served as CFO for IPL and DP&L for the past five years. In his new role, he will build on our longstanding record of service, including more than $2 billion in investments IPL and DPL have made in the region over the past five years, said a news release from IPL.

PHOTO: Chris Davis/Emmis

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