Nuclear manufacturing plant work stalls
Work has come to a halt at the Areva nuclear component manufacturing center in Virginia due to poor market conditions and an uncertain future for nuclear policy.
According to WTKR-TV3 in Newport News, Va., the Areva Newport News 300,000-sq-ft nuclear component manufacturing plant is stalled indefinitely.
When the project broke ground in July 2009, Huntington Ingalls Industries Inc. and French nuclear company Areva had planned to begin manufacturing heavy components for nuclear power plants in January 2012, a project that officials said would create 540 jobs and result in a $363 million capital investment.
Now, less than two years later, Areva said it is shelving the project due to unfavorable market conditions and uncertainty over U.S. energy policy.
Read the full story here.
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.