B & W Will Offer Severance Packages To Laid Off Employees

B&W logoThe Babcock & Wilcox Company says it will determine the number of layoffs that will be necessary over the next several weeks. The company, this week, announced cuts to funding of a subsidiary that designs and develops small modular nuclear reactors. More than 200 employees of mPower work in the Lynchburg area. The News & Advance reports, over the next two months, B&W will be working to place employees in other business units… OR supply severance packages and “outplacement assistance for laid off employees. According to the article, nuclear energy has experienced a drop in public support since the disaster of the Fukushima Plant in Japan during the 2011 tsunami.

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