Reactor-maker Areva denies report on French job cuts

  • Reactor-maker Areva denies report on French job cuts

    "Areva categorically denies the information in today's AFP article regarding job cuts in France," said the company.

    Areva has been reviewing its investments since the Fukushima nuclear disaster in Japan shook confidence in the industry. New Chief Executive Luc Oursel is expected to unveil his new strategy in mid-December.

    AFP's report, which cited unnamed sources, said that Areva would cut between 2,700 and 2,900 jobs as part of a strategic plan to save at least 500 million euros ($673.4 million) in costs per year, with over 1,000 staff cuts seen in France.

    webmasters comment:

    The nuclear industry is getting hit by the markets... GOOD! Altough they deny the reports, fact is that the EPR - European Pressurized Reactor mostly designed by Areva doesn't work and their decon systems performed miserably at Fukushima.