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Plans For New UK Nuclear Power Station On Verge Of Collapse

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The Times

Plans for a new nuclear power station in Cumbria are set to move closer to collapse next week, with the company developing the Moorside project expected to confirm that it is laying off the majority of its staff.

If a buyer for Nugen cannot be found the planned Moorside plant will be abandoned

If a buyer for Nugen cannot be found the planned Moorside plant will be abandoned NUGENERATION LIMITED/PA

Nugen, owned by Toshiba, the troubled Japanese conglomerate, has been consulting throughout August on job cuts among its 100 employees after failing to secure a buyer. It is understood that it is preparing to sign off on cuts on Monday and to brief staff on Tuesday, with the most likely option resulting in the loss of at least 50 jobs.

If no buyer for Nugen is found before the end this year then the venture is likely to be abandoned altogether.

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