Areva lays off about 50 employees in Lynchburg

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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.

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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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