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United Kingdom: EDF to cut jobs to control cost of nuclear project

2013-04-23 15:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: EDF energy is cutting scores of jobs to control costs at the site of its proposed new nuclear power station at Hinkley Point in Somerset. The company is in the middle of difficult negotiations with ministers over the level of public subsidy the new reactors will receive over the next 40 years but insisted the project is not being mothballed and that it is not "holding a gun to the government's head". The company has already spent 800m on developing the 14bn project and lost its junior partner...

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Category:Electronics and Electrical

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