Alliant Energy Corp. announced last week that it cut its workforce by 2% during the third quarter as part of a voluntary separation plan. The company did not disclose how many employees in Madison were affected by the cuts.
The Madison-based utility recorded a $4.7 million charge, or 4 cents per share, to reflect the voluntary employee separation program, the company said.
During the third quarter Alliant Energy’s net income rose 17%. Profits increased to $179.9 million, or $1.59 a share, from $153.3 million, or $1.38 per share, during the same period a year earlier.
Alliant also announced it’s planning to boost its stockholder dividend by 7%, or 15 cents a share, in 2016.
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