HELSINKI--Finnish nuclear consortium Teollisuuden Voima Oyj (TVO) said Thursday it's planning to cut up to 110 jobs, around 13% of its work force, to lower annual costs by 15 million euros ($17.7 million).
The company said the cuts are needed to compensate for the negative impact caused by low electricity prices in the Nordics and by delays in the construction of TVO's third nuclear reactor at its production site in Olkiluoto on Finland's west coast.
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