THE PUBLIC SERVICE COMPANY OF NEW MEXICO SAYS SEVERAL FACTORS PLAY INTO WHY IT WILL BE LAYING OFF 30 MANAGERS AND STAFFERS. THE LAYOFFS ARE FOR COST CUTTING THAT SPOKESMAN PAHL SHIPLEY SAYS ARE NEEDED IN PART BECAUSE STATE REGULATORS REDUCED THE RATE INCREASE IT REQUESTED.
SHIPLEY TELLS THE ALBUQUERQUE JOURNAL THAT PNM IS ALWAYS EVALUATING BECAUSE OF EVOLVING TECHNOLOGY, THE INCREASE IN REGULATIONS, AND CHANGING CUSTOMER NEEDS.
THE 30 LAYOFFS ACCOUNT FOR 2 PERCENT OF PNM’S CURRENT WORKFORCE OF ABOUT 15-HUNDRED.
