French nuclear group Areva may cut thousands of jobs worldwide as it suffered massive losses in 2014.

The partially public-owned company said in a statement on Thursday that it is entering talks with unions about cutting 18 percent of labour costs around the world and 15 percent in France through 2017. According to the statement, the precise impact on employment will be the subject of discussions with labour organizations and will depend on the savings achieved by each of the other measures.

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now