Following today’s announcements from NuGen, the Business Cluster is aware of the continued advocacy and work going on, much of it behind the scenes, aiming to bring an investment in nuclear power generation and its low carbon energy to Moorside in West Cumbria. Everyone involved with the energy supply chain in Cumbria and BECBC is sorry to hear the news of job losses but keen to support the team that is continuing this work.
The statement from NuGen this morning reads: For over a year, Toshiba has pursued a sale of NuGen to KEPCO. Due to the prolonged time it has taken reach a conclusion, NuGen has undertaken a review of its size and scale. An employee consultation process has concluded and on 11th September, NuGen staff were informed that owing to the protracted period of time it has taken to secure a way forward for the Moorside Project, there would be a phased reduction in the headcount within the NuGen organisation.
This consultation served to identify the posts that will be required to finalise and complete a transaction for the sale of NuGen and as a result, the team of over 100 will reduce to fewer than 40. NuGen’s retained core team will be focused on securing a sale of the NuGen business and supporting Toshiba’s activities.
NuGen’s aim remains to deliver low-carbon, low cost nuclear power at Moorside and the company remains committed to delivering this for Cumbria and the UK.
Ivan Baldwin, Chair of BECBC has said: “Cumbria is still the best possible placein the UK for an investment into nuclear power generation – the UK needs Moorside and Cumbria is keen to deliver it. We have the expertise and supply chain already in place here – that’s not changed – and BECBC is keen to promote the area as a Centre of Nuclear Excellence to interested parties, whether they be overseas partners or potential investors, in the coming months. We need things to move on and decisions to be taken. I also know that our member companies will be keen to support those affected by the NuGen job losses and we offer an invitation to our member networking meetings for people to make new contacts and explore the opportunities in this area.”