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.
Economy
EDF warns of 1 billion euro loss due to French strikes, reviews hiring
13 April 2023, 3:30 pm 1 minute
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
