Government bails out Piketon

23 March 2001

The US government will give $125 million to help save jobs at the uranium enrichment plant at Piketon, one of two uranium enrichment facilities operated by USEC. USEC wants to consolidate the production of power plant-ready uranium at its other plant in Paducah. A union leader said that the money would save about 800 jobs at the plant, which employs 1730 people.

The money, to be released over two years, would pay for the Portsmouth Gaseous Diffusion Plant to be put in a standby condition. It also includes severance pay and money to train workers.

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