Areva lays off about 50 employees in Lynchburg
LYNCHBURG, Va. (AP) - Areva North America has laid off about 50 people in Lynchburg.
The News & Advance reports that the cuts are a little more than half of the energy company's nationwide reduction because of diminished customer demands in the struggling nuclear industry.
The local workers were notified Friday that their jobs will end by Jan. 31. They are receiving severance packages.
In December 2014, Areva cut 22 jobs after a net income dropped $852 million in the first half of the year for the international company.
This was after an early-retirement incentive package was offered.
Early last fall, the company announced that it would sell 75 percent of its power plant segment, which includes much of Lynchburg operation.
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