The parent company of Arizona Public Service said it will cut 300 jobs after reporting an 84 percent decline in net earnings Wednesday, the East Valley Tribune reported.
Officials of Phoenix-based Pinnacle West Capital Corp. said the decision to cut the jobs followed an in-house efficiency study designed to find ways to control costs.
Of the 300 jobs that will be cut, 100 are full-time regular employees, 100 are temporary workers employed on construction and overhaul projects and 100 are vacant positions that won't be filled.
APS serves about 1.1 million customers in the state, including about half of the Phoenix metro area and parts of 11 of the state's 15 counties. Ajo, Bisbee, Douglas and San Manuel are in its territory.