French nuclear firm AREVA has launched negotiations with labour organisations as it looks to reduce overhead costs and compensation by cutting up to 6000 jobs.
The company, which is majority owned by the French government, is aiming to reduce its labour costs by 15% in France and 18% internationally. The company currently employs 45,000 people around the world.
The job cuts are part of a competitiveness plan announced in March, after AREVA revealed it had recorded a net loss of €4.8bn ($5.3bn) in 2014.
The group is hoping to save €1bn a year by 2017, and it is planning to reorganise its engineering services and sell off some of its assets.
AREVA said consultations would take place at the group level and then at the site level. Initial negotiations should take place during May and June and will be followed by an information-consultation phase with the relevant labour organisations.
Philippe Knoche, chief executive officer of AREVA said the company must begin "immediately" with its competitiveness plan.
"Whatever may be the options chosen to implement the strategic roadmap and define the financing plan, it is urgent to take the necessary measures to adapt the costs of our business to the reality of its markets," Knoche added.