400 jobs may be cut at Hinkley Point C nuclear project

 400 jobs may be cut at Hinkley Point C nuclear project

Caption: Hinkley Point C nuclear power plant

Up to 400 jobs at the Hinkley Point C nuclear project site have been cut as work stops at the site.
 
Plant developer EDF Energy said it will not begin the next phase of work at the plant until it finalizes project financing, according to Reuters. The company said preparatory work at the site is completed, and the next step is the beginning of construction.

EDF is working on a financial deal with two Chinese investors, China General Nuclear Corp. (CGNC) and China National Nuclear Corp. (CNNC), which could result in a 30 percent stake for both companies. Talks also continue with Areva for a potential 10 percent stake in the project.
 
There are currently 800 staff on site, and 250 contractors will remain if the other jobs are cut, the article said.
 
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

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...