B&W Sends Notices of Possible Layoffs to Workers in mPower Progr - WSET.com - ABC13

B&W Sends Notices of Possible Layoffs to Workers in mPower Program

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Lynchburg, VA- Some 200 Lynchburg jobs could be on the chopping block after Babcock and Wilcox announced some cutbacks in one of its programs.

The company is slashing around $45 million from mPower, its small modular reactor program. This week the program's 200 employees received notices in the mail that their jobs may no longer exist in the coming months.

Around 20 employees work at B&W's location in Region 2000's Center for Advanced Engineering and Research. They, along with about 175 others employed at B&W's Ramsey Place location got 60-day notices this week, saying they might be laid off. According to B&W spokeswoman Aimee Mills, the company mailed out the notices Monday.

These possible layoffs are in conjunction with restructuring of mPower announced earlier in the week. The program designs small nuclear reactors. When the program started in 2010 it had about 25 workers. Since then it has grown to around 200 employees.

The company's cutting its funding from around $70 million down to $15 million a year. Also in this week's restructuring, B&W changed mPower's leadership, naming a new president.

We're told company leaders are in talks with the Department of Energy and the Tennessee Valley Authority about the future of the mPower program. In a press release this week B&W's President said they are working to find the most efficient way to move forward with it.

B&W employs around 2,400 people in the Lynchburg area. The fate of the 200 mPower workers will be decided within the next two months.

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