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HomeEconomyEDF warns of 1 billion euro loss due to French strikes, reviews...

EDF warns of 1 billion euro loss due to French strikes, reviews hiring

Economy

Sources exclusively shared that French utility EDF (EDF.PA) has warned drawn-out strikes at its nuclear reactors and hydro-electricity plants have cost it 1 billion euros ($1.10 billion) in lost output and that it is reviewing hiring plans for the year. 

Market Impact

The financial hit will complicate matters for new EDF boss Luc Remont, tasked with putting the group back on track after it slumped to a record net loss of 17.9 billion euros ($19 billion) last year.

Article Tags

Topics of Interest: Economy

Sectors: Economy & Policy

Regions: Europe

Countries: France

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story


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