There are currently no plans for any compulsory redundancies following the merger of the Manx Electricity Authority and the Manx Water Authority.
That's according to the chairman of what is now known as the Manx Utilities Authority which came into being on April 1st in an effort to cut costs.
However, chairman Alf Cannan says whilst they are aiming to save money, that doesn't necessarily mean jobs will have to go.
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Island falls silent to remember them
Two-minute silence held to mark Remembrance Sunday
Average wait of 11 weeks for Disability Living Allowance claims
Reduction in overall average since summer
Man sexually assaulted woman as she slept on beach
Deemster brands assault "quite horrific"
Appeal for Onchan FC memorabilia
Plan to furnish new club house with memories
