A subsidiary of Baltimore-based Constellation Energy has laid off about 70 workers, including about 15 in Baltimore, it said today.
Constellation NewEnergy, which serves large commercial users including big box retailers, schools, and hospitals in competitive markets, cut the positions as part of its integration into Constellation’s commercial business division, said spokesman Lawrence McDonnell.
“It’s a company that had been regionally structured for many years and is becoming more centralized,” he said.
McDonnell said the individuals affected were notified of their termination, given severance packages, and left the company last week. He said the positions came from across several U.S. markets and levels of the organization.
The cuts were not related to Constellation’s $4.7 billion merger with MidAmerican Energy Holdings Co. announced last month, McDonald said.
The company was founded in California in 1995 as New Energy Ventures, and was purchased in September 2002 by Constellation.
