Areva earned $300 million in US uranium enrichment contracts last year
“These contracts are recognition of AREVA’s expertise in providing enrichment services and demonstrate the company’s commitment to ensuring security of supply for its customers,” Olivier Wantz, a senior vice president for Areva said in a statement.
The announcement comes as the company is laying off about 50 workers in Lynchburg, Virginia, a bit more than half the jobs it has cut in the US. The cutbacks are part of a workforce adjustment to meet falling demand in the struggling nuclear industry, AP reported.
In December, the company axed 22 jobs after its net income dropped $852 million in the first half of the year despite having offered staff an early-retirement incentive package.
Early last fall, the company announced that it would sell 75% of its power plant segment – which includes much of Lynchburg operation — to Electricite de France for an equity injection.