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France's Areva to cut nuclear jobs and investment | France's Areva to cut nuclear jobs and investment |
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Areva said it would cut its dividend to a quarter of its net profits for the next two years. | Areva said it would cut its dividend to a quarter of its net profits for the next two years. |
The company's problems stem from the loss of political favour for the nuclear power industry following the nuclear meltdown at Fukushima in Japan, as well as the economic downturn in Europe. | The company's problems stem from the loss of political favour for the nuclear power industry following the nuclear meltdown at Fukushima in Japan, as well as the economic downturn in Europe. |
In Germany, which accounts for 6% of the French firm's order book, the government has decided to shut down its entire nuclear industry by 2022 | In Germany, which accounts for 6% of the French firm's order book, the government has decided to shut down its entire nuclear industry by 2022 |
In France, unions have claimed the company is planning 1,200 job cuts. | In France, unions have claimed the company is planning 1,200 job cuts. |
But the industry minister, Eric Besson, promised on French radio that there would be not even be any voluntary redundancies at the company in France. | But the industry minister, Eric Besson, promised on French radio that there would be not even be any voluntary redundancies at the company in France. |