Areva to cut up to 6,000 jobs worldwide

 Areva to cut up to 6,000 jobs worldwide

Areva said it would cut between 5,000 and 6,000 jobs globally through 2017.
 
Areva said in a release that it planned to cut labor costs in France by 15 percent and worldwide by 18 percent to help reduce capital costs and shore up cash. The company announced a 4.8 billion euros ($5.4 billion) loss in March due to delayed nuclear projects and hesitation toward nuclear following the 2011 accident at the Fukushima Daiichi nuclear power plant in Japan. Several Chinese companies and France-based EDF and Engie - formerly known as GDF Suez - have all expressed an interest in buying sectors of Areva’s business. Areva said the economic situation calls for immediate cost saving measures of one billion euros by 2017.
 
The company said negotiations with labor organizations are expected to take place in May and June to plan voluntary staff reductions. Areva currently employs 44,000 workers in 30 countries.
 
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