After big financial loss this year from Japan’s nuclear disaster in March, Areva has announced plans to suspend their plan for a new uranium plant in Idaho. The French nuclear conglomerate received a U.S. license to build and operate the $3 billion plant in Idaho Falls in October, but after an estimated $2.12 billion in losses for 2011, Areva chief executive Luc Oursel has announced his “Five-Year Turnaround Plan,” which includes the cutting of 1,500 jobs in Germany and a hiring freeze in France. Plans to increase their profits also include new projects in the Central African Republic and South Africa.
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