Areva – To cut between 5,000 and 6,000 jobs, between 3,000 and 4,000 in France

Beleaguered French nuclear engineering firm Areva SA plans to reduce its global payroll by between 5,000 and 6,000 jobs as part of a cost-cutting effort after years of losses. 

The largely government-owned company has opened talks with labor unions to find ways to cut its payroll through voluntary departures, Areva’s head of human resources François Nogué said Thursday, according to a company spokeswoman.

The company’s job cuts include shedding between 3,000 and 4,000 positions in France. All in all, the company seeks to reduce its labor-cost by 15% in France and by 18% abroad. The company currently employs 44,000 workers in more than 30 countries.

Chosen excerpts by Job Market Monitor. Read the whole story at Areva Plans to Cut Thousands of Jobs – WSJ.