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APR 23, 2013 - The Guardian

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EDF Energy to cut jobs to control cost of building nuclear power station

Company stops preparation of Hinkley Point site as negotiations continue over public subsidy for developing £14bn projectEDF 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".EDF has already spent £800m on developing the £14bn project and lost its ... Read More

Tags: EDF Energy to cut jobs to control cost of building nuclear power station,  Government Latest News