New Projects, Reactors

B&W small modular reactor unit lays off 100

Department of Energy small modular reactor SMR nuclear

The Babcock & Wilcox Co. (B&W, NYSE: BWC) completed planned layoffs of 100 employees from its Generation mPower small modular reactor (SMR) business unit.

Nearly 75 percent of those laid off on June 16 worked at the Lynchpin Industrial Park in Lynchburg, Virginia, and the Center for Advanced Engineering and Research in Forest, Virginia, according to The News & Advance. Fifty other employees were placed in other B&W business units and an extended WARN notice for 90 employees was approved through the end of July. Those jobs are subject to negotiations with the U.S. Department of Energy, which was funding a cost-sharing program with mPower; and the Tennessee Valley Authority, for which mPower was building the SMRs.

Generation mPower’s operating income was $81 million in 2013. By third quarter 2014, it will be down to $15 million a year, the article said.

Subscribe to Nuclear Power International magazine