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PG&E to cut 400 jobs in effort to save $300 million

This is an undated image of a man on a PG&E cherry picker. (KGO-TV)

San Francisco based PG&E said Wednesday it's cutting back in an effort to save $300 million annually.

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Nearly 400 jobs will be cut, including eight corporate positions. The company plans to cut 800 contractors' jobs and will renegotiate contracts with vendors.

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