Economy
13 April 2023, 3:30 pm 1 minute
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