Cobb EMC restructures operations

Cobb EMC restructures operations

Consolidating operations increases efficiency, positions company for long-term progress 

(Marietta, GA – April 19, 2017) – Cobb EMC today announced it is eliminating approximately 80 positions as part of an ongoing initiative to consolidate operations and improve efficiencies through emerging technologies.

“We have a responsibility to our members to operate as efficiently and cost-effectively as possible,” said Chip Nelson, Cobb EMC’s president and CEO. “As the result of an ongoing analysis of our operations, we’ve identified a number of areas where we can reduce our operating costs even as we provide quality operations and customer service.”

He also said Cobb EMC employees whose positions are being eliminated will be offered severance packages, which are based on years of service to the company, and outplacement services to help them find other employment. “These kinds of changes are never easy,” Nelson said. “Our first duty is to our members, but we also have a responsibility to affected employees to do everything we reasonably can to assist them in this transition.”

The decision follows a comprehensive, multi-year operational assessment of every division within the company, along with comparisons between Cobb EMC and peer electric cooperatives. These job cuts would save the company an estimated $8 million a year.

“For the past five years, we’ve implemented a series of strategic changes that have streamlined and improved operational efficiencies,” said Tripper Sharp, Chairman of Cobb EMC’s board of directors. “We’ve largely transformed the company, with an emphasis on increased transparency, accountability and performance, all to provide added value for our cooperative’s members.”

 

ABOUT COBB EMC

Cobb Electric Membership Corporation (Cobb EMC), a not-for-profit electric cooperative, safely delivers reliable electricity to more than 180,000 residential and commercial members in Cobb, Bartow, Cherokee, Fulton, and Paulding counties. Cobb EMC’s distribution system consists of more than 9,000 miles of line over 432 square miles. With more than 200,000 meters served, Cobb EMC is one of the largest of Georgia's 41 EMCs and among the largest of the nation's 900 EMCs. For more information, visit www.cobbemc.com, or follow Cobb EMC on FacebookTwitter, YouTube and Pinterest.

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