+ VIDEO – Nuclear Group confirms net loss of 4.9 billion euros in 2014 and provides a plan of one billion euros in savings . The government argues for greater convergence between the different actors in the nuclear industry
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The Areva nuclear expert does not rule out job cuts as part of the recovery plan unveiled Wednesday and part of which provides in particular 1 billion of savings by 2017. “We will do everything so that, if there is to be departures, they do so on a voluntary basis,” said the general manager of the group, Philippe Knoche, at a press conference on the occasion of the presentation of the results of the group, owned more than 87% by public capital.
Minister of Ecology, Segolene Royal, said he there was “no a priori planned redundancies” but “voluntary or early retirement.” “The demographic curve of the employees of these companies allows voluntary departures. This is what is being watched, “said she told the output of the Cabinet.
Areva confirmed Wednesday a record loss of 4 € 9 billion for 2014 and announced a recovery plan including notably significant divestitures and strategic refocusing but postponed the social aspect of this plan. The group plans to hire “from the end of March” consultation phase with unions on “a draft framework agreement” on “employment, remuneration and working time” , he said in a statement.
The issue of employment
The Minister of Labour, François Rebsamen assured on France Inter that the government was following “closely” the case and at this stage no job cuts had been raised, particularly during a meeting Monday with the president of the board of Areva, Philippe Varin attended by Minister of Economy Emmanuel Macron. “If there were job cuts, this would of course without layoffs,” he said. Mr. Macron was also assured Tuesday that there would “never use social carnage” Areva
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Areva also has an urgent need to bail but Announce 2015-2017 financing plan that by the publication of its interim results on 30 July. However, the group already announced a net reduction in investment will be reduced to less than 3 billion euros in 2017 against 4.6 billion between 2012 and 2014 and an asset disposal program higher than the € 450 million announced last October. The group also announced “the lifting of bank financing in industrial assets” and “partnerships with a financial section.”
Reconciliation EDF
A reconciliation with EDF capital, which could take an interest in certain assets, is no longer excluded. The “overhaul” of the partnership between the electrician and nuclear specialist Areva announces might go “to a reconciliation, including capital,” has said Mr. Macron in an interview with Le Figaro published on Wednesday. What put pressure on the boss of EDF, Jean-Bernard Levy, who had assured February 12 have no project stake in Areva nuclear expert activities. “We have for the past few months (…) with teams of Areva hired our operational efficiency improvement projects (…) to work in better understanding and to cooperate without a second thought.” But “there is no other project in the agenda,” stated Jean-Bernard Lévy during the presentation of the annual EDF results. Prudent, the CEO of Areva, Philippe Knoche, has meanwhile avoided taking a position in this tussle between the Sta te and EDF. “Today, discussions with EDF deal with operational issues, any capitalistic discussions will take place in a second time,” he said at the press conference this morning.
For the moment, this merger will go through the completion of ongoing projects (EPR Flamanville EPR Hinkley Point in the UK), optimization of the range reactors developed by the two French groups and the “challenge of competitiveness,” said Areva. State recapitalization is the opposite “premature” said Emmanuel Macron.
Areva has its catastrophic results to the difficulties (delays and additional costs) generated on the Olkiluoto 3 EPR projects Finland and Flamanville in France, the financial fiasco of the acquisition of Uramin in 2007 in the gloom of the nuclear industry since the Fukushima accident in 2011 and losses in its operations in renewable energies. In the future, the Group intends to focus on “the heart of nuclear processes” and make its development in China a priority.
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Source AFP
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