Every weekday in December, tED magazine is counting down the Top 20 Stories of 2015. Below, the #7 most-viewed story of the year, originally published on November 20, 2015.
North Dakota based Border States Electric has announced a slight reduction in workforce as a result of what it calls “slowed growth” in some of its markets. But the reduction does not mean the distributor is not still looking at possible expansion in the near future.
Overall, Border States has announced the cutback will impact less than 2 percent of the company’s employees. Border States currently has approximately 2,000 employees, meaning this cutback will impact less than 40. Those reductions will not all come from one location, and will be spread throughout many of its locations across the country.
Border States did provide a statement to tED magazine about the situation from Corporate Communications Manager Tom Nelson.
“Border States has a long history of creating jobs and employee-owners through economic cycles. We have experienced robust growth over the past three years. Growth has slowed this year in some of our markets, and we have made a difficult but necessary decision to do a reduction in force impacting less than 2 percent of our workforce across the company. This reduction does not change our aggressive sales growth goals, investment strategies or market focus to help customers succeed.”
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