Duke to cut 585 jobs at Crystal River nuclear plant

Duke Energy (NYSE: DUK) will transfer or eliminate 585 positions at the shuttered Crystal River plant over the coming year, The Tampa Bay Times reports.

The layoffs come after Duke announced it would close the Crystal River facility, following a cascade of problems related to damage in the concrete containment building. Fully repairing the damage could have cost as much as $3.4 billion, adding to an annual $300 million bill for replacement power costs while the reactor remained offline.

According the Times, layoffs are expected to begin as early as May 31 with 58 positions to be terminated by June 30.

Subscribe to Nuclear Power International magazine

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...