France’s state-owned nuclear energy utility Areva is to shed 14% of its workforce or 6000 employees. <br /><br /> It is part of a drive to cut payroll costs by 18% internationally and make Areva profitable after four years of losses which have wiped out the company’s equity capital.<br /><br /> The company aims to present a restructuring plan by the time it publishes first-half results in July after making a 4.8 billion euro loss in 2014 on revenues of 8.3 billion.<br /><br /> Areva says it will also cut bonuses and other variable pay items, and negotiate with unions about working hours. Shares fell over 2% on the news.
