marine link image
REGISTER NOW FOR the Port of the Future Conference • 2 Days, 50 Ports • Houston, TX • March 24–25, 2026

Areva Cutting as many as 6,000 Global Jobs

May 7, 2015

Loss-making French state-controlled nuclear group Areva plans to axe as many as 6,000 jobs, about 14 percent of its headcount, as it seeks to reduce labour costs by about 15 percent in France and 18 percent in total internationally.

"We expect 3,000 to 4,000 job cuts in France and 5,000 to 6,000 globally, but more towards 6,000," Francois Nogue, human resources director for the group, said on Thursday.

The job cuts in France will be part of the global headcount reduction, which the company hopes to complete by the end of 2017.

Areva, whose equity capital has been virtually wiped out by four years of losses, employs 42,000 people worldwide, including 28,000 in France.

Nogue said staff costs - at about 3.4 billion euros ($3.87 billion), including about 2.4 billion in France - were a major part of Areva's cost base.

Areva said it would also cut bonuses and other variable pay items, and negotiate with unions about working hours. Nogue said he expected talks with unions to last a few months.

Staff cuts and wage reduction will account for about two thirds of a 1 billion euro cost reduction plan, Nogue said.

In 2014, Areva booked a loss of 4.8 billion euros on revenue of 8.3 billion. The company aims to present a restructuring plan by the time it publishes first-half results in July.

Shares in Areva were 2.6 percent lower by 0942 GMT. ($1 = 0.8789 euros) (Reporting by Geert De Clercq

Logistics News

MSC to Offload All Cargo Bound for Gulf

MSC to Offload All Cargo Bound for Gulf

Saudi Arabia Tries to Divert Oil to Red Sea

Saudi Arabia Tries to Divert Oil to Red Sea

London Marine Insurance Market Widens Risk Zone in Middle East

London Marine Insurance Market Widens Risk Zone in Middle East

Greece Calls for Protection of Shipping, Seafarers Amidst Escalating Iran Conflict

Greece Calls for Protection of Shipping, Seafarers Amidst Escalating Iran Conflict

Subscribe for Maritime Logistics Professional E‑News

Sources: Russian-flagged LNG tanker burning in the Mediterranean with crew unknown.
MSC will offload all cargo bound to Gulf at the nearest safe seaport
Australian shares continue to decline on Middle East conflict. GDP data is in focus