Areva will cut thousands of jobs

EPA/IAN LANGSDON

Chief Executive of French nuclear group Areva Philippe Knoche had said in March that Areva was planning to make savings worth 1 billion euros over the course of the next few years.

The French nuclear group suffered massive losses


French nuclear group Areva may cut thousands of jobs worldwide as it suffered massive losses in 2014.

The partially public-owned company said in a statement on Thursday that it is entering talks with unions about cutting 18 percent of labour costs around the world and 15 percent in France through 2017. According to the statement, the precise impact on employment will be the subject of discussions with labour organizations and will depend on the savings achieved by each of the other measures.
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