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Decline and uncertainty in UK nuclear construction

Construction News 10th Feb 2020, Contractors hoping to work on nuclear builds have been forced to scale back their workforce in recent months, according to the head of the sector’s trade body. Nuclear Industry Association (NIA) chief executive Tom Greatrex told Construction News that the uncertain future for nuclear megaprojects such as the £16bn Wylfa Newydd , which was suspended by Hitachi in January 2019, has had a negative impact on construction firms

Greatrex said: “There’s a lot [of nuclear specialists] that have cut back their
headcounts. If they don’t feel there’s going to be any work to do in that
area, they’ll focus on other areas and costs will be cut.” He added that
the NIA was aware of “a few small companies that have ceased to trade”,
but declined to name them.

https://www.constructionnews.co.uk/sustainability/nuclear-supply-chain-shrinking-due-to-uncertainty-10-02-2020/

February 13, 2020 - Posted by | business and costs, UK

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