Written by John Murawski – email@example.com
(Raleigh News Observer) Several thousand employees at Progress Energy and Duke Energy will soon find out whether they have job security or whether the time has finally come to polish their resumes.
The employees have been in limbo for more than a year as they’ve waited to find out whether Raleigh-based Progress and Charlotte-based Duke will win regulatory approval for their proposed corporate merger.
The anxiety at both companies is reaching a climax in anticipation of a federal ruling on the merger, expected as early as next month. If approved by the Federal Energy Regulatory Commission, the ruling would trigger a corporate consolidation eliminating 1,860 positions, most of them in Raleigh, where the Progress headquarters would close.
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