Areva, France’s state-controlled nuclear power company, DID have plans to open the Eagle Rock Enrichment Facility in Idaho Falls, which WOULD have meant a bunch of jobs and money for the city. Now, that could all be gone.
After a major financial loss this year, Areva announced today that they would cut jobs and suspend projects around the world in an attempt to get the company back on its feet. The big cuts include 1,500 jobs cuts in Germany and, of course, the suspension of the $3 billion nuclear enrichment facility in IF.
But a quick look at the company’s losses kind of paints the whole situation as pretty understandable. After a troubled mining project in Nambia and Japan’s Fukushima nuclear disaster last spring, they’re looking to recover 1.6 billion euros or $2.12 billion in losses.
This could also be seen as a win for nuclear energy opponents, who are probably popping the champagne as we speak. No need to gloat, you guys.