By the numbers* 45 – Average age of a TVA employee* 12.5 years – Average tenure of a TVA employee* 300 – Typical number of TVA employees who retire every year* 12,612 – Number of TVA employees, including more than 4,000 in the Chattanooga area* $72,903 – Median base pay for TVA employees** $10.8 billion – Annual revenues for TVA* Data for fiscal 2011-2012, the latest year for which data is availableSource: Tennessee Valley Authority
TVA logoDespite the improving job market, one of Chattanooga’s biggest and best-paying employers plans to cut its staff in the new year.
The Tennessee Valley Authority, which employs nearly a third of its 12,612 employees in the Chattanooga area, is expected to announce in January the next steps the agency will take to help trim $500 million in operating and maintenance expenses from its annual budget. In a meeting with TVA employees earlier this month, TVA President Bill Johnson hinted that the agency will ask for voluntary resignations and retirements, probably in January, in selected organizations at TVA.
Last year, TVA cut 700 employee and contractor jobs through cutbacks at its Bellefonte Nuclear Plant in Alabama and reductions at coal plants being shut down or scaled back due to a drop in power demand and stricter pollution control requirements.
Even more cuts are likely in 2014.