Los Angeles Times

Exelon: Baltimore will see 'most impactful' job cuts in Constellation merger

The Baltimore headquarters of Constellation Energy Group, which agreed to sell itself to Chicago-based Exelon Corp., will see the "most impactful" job cuts related to the $7.9 billion deal, according to a top Exelon executive.

In a meeting with Exelon executives on Aug. 10, Exelon president and chief operating officer Christopher Crane said an undetermined number of cuts will affect legal, information technology, financial and other corporate positions, according to documents filed Tuesday with the Securities and Exchange Commission.

Corporate-related layoffs were expected because of consolidation and job redundancies under the deal, but Constellation and Exelon have said Baltimore is expected to have net positive jobs. That's because Exelon will relocate some of its businesses — and its employees — to Baltimore.

"What we will look at is how do we get to our right numbers with everybody with a smile on their face," said Crane in a transcript of the meeting. "It most likely won't be possible in Baltimore and we've been very open with the folks there, but we also have people that are willing to move to Chicago, some folks in Chicago that raised their hand and said look, I'll take a package and, so, we have to manage that properly 'cause you can't do mass packages. But I think there's a way we can do it where it's less impactful."


Copyright © 2015, Los Angeles Times
Related Content
  • Health Professionals on the Move archive

    Health Professionals on the Move archive

    Readers submit photos and information on medical professionals who have recently been promoted, hired or honored. Select photos will be published in the Health and Medicine section of Sunday's edition of The Baltimore Sun. Caption size is limited and only photos are accepted in this feature. Submit...

  • Jobs in Health

    Jobs in Health

    Learn about the wide variety of careers in the health-care field in the words of local professionals. Also see the latest hirings and promotions at Health Professionals on the Move.