Enron Laying Off Pipeline Workers

HOUSTON -- Enron Corp. is laying off 7 percent of the roughly 1,200 employees in its pipeline group this week in an effort to cut costs, The Associated Press reported Wednesday.

Spokesman John Ambler declined to be more specific about how many people were losing their jobs other than to say it was fewer than 100 workers at PipeCo., a holding company consisting of Enron's interests in three U.S. pipelines.

Stan Horton, chief executive of the group, informed workers of the layoffs vie e-mail on Tuesday.

Enron has about 11,200 employees, most of whom work for subsidiaries that aren't bankrupt. The company had more than 20,000 workers before it imploded.

-- NYSSCPA.org News Staff

Posted on 05/28/03