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Just Energy to eliminate over 200 positions

Just Energy Group Inc. will eliminate over 200 positions to save approximately C$40 million in general and administrative expenses for fiscal year 2020.

The company said in a March 21 announcement that the move is aligned to its transition into a consumer company.

The company expects to incur about C$9 million in severance costs in the fourth quarter of fiscal 2019, but it will not impact its previously issued fiscal 2019 base EBITDA guidance range of C$200 million to C$220 million.