Nuclear

Duke to cut 585 jobs at Crystal River nuclear plant

Duke Energy (NYSE: DUK) will transfer or eliminate 585 positions at the shuttered Crystal River plant over the coming year, The Tampa Bay Times reports.

The layoffs come after Duke announced it would close the Crystal River facility, following a cascade of problems related to damage in the concrete containment building. Fully repairing the damage could have cost as much as $3.4 billion, adding to an annual $300 million bill for replacement power costs while the reactor remained offline.

According the Times, layoffs are expected to begin as early as May 31 with 58 positions to be terminated by June 30.

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