Premier and Minister meet with Hydro President to discuss job reductions

Premier Roger Grimes and Mines and Energy Minister Walter Noel today met with Newfoundland and Labrador Hydro (Hydro) president William Wells to discuss the recent announcement concerning the reduction of temporary positions for Hydro�s upcoming work season.

"During this morning�s meeting, we discussed union concerns regarding the reduction in temporary positions this summer," said Minister Noel. "The union has indicated that they have ideas on how to achieve these cost savings without layoffs. Mr. Wells has agreed to meet with union representatives in an effort to achieve cost savings in the most prudent manner possible. We await the results of this upcoming meeting, and hope that all viewpoints will be addressed in a productive manner.

"It remains government�s position that Hydro must operate as an efficient corporation and provide the ratepayers of this province with least-cost electricity rates. Government will encourage that all cost saving measures be investigated before staff reductions occur."

Media contact: Darrell Mercer, Communications, (709) 729-5777

2003 04 14                                         4:40 p.m.