nuclear-news

6,000 employees of failing nuclear giant AREVA are to lose their jobs

French nuclear group Areva to cut up to 6,000 jobs worldwide, Yahoo 7 News May 8, 2015,
Paris (AFP) – French nuclear group Areva, which incurred massive losses last year, announced Thursday it would cut up to 6,000 jobs worldwide as it seeks to slash its costs by a billion euros by 2017. he number of job cuts will be between 5,000 and 6,000 worldwide, said the group’s human resources director Francois Nogue.Between 3,000 and 4,000 of the job losses will be in France.

Areva had earlier said it planned to reduce its labour costs by around 15 percent in France and 18 percent internationally.

The group’s labour costs currently come to between 3.5 billion and 4.0 billion euros — an unsustainable level given that revenues are only about twice that, said Nogue………….https://au.news.yahoo.com/a/27700325/french-nuclear-group-areva-to-cut-up-to-6-000-jobs-worldwide/

May 8, 2015 - Posted by Christina Macpherson | 2 WORLD, employment, France