In January 2015 TVO announced plans to save around $17.7 million per year through 'efficiency-related structural changes' which are expected to cause up to 110 job cuts. The CEO of TVO, Jarmo Tanhua, explained the reasons as:
The competitiveness of the electricity produced in Olkiluoto has declined during the recent years and the outlook of the future is uncertain.Electricity marketprice has dropped and there are no signs of improvement in the foreseeable future ... In addition, costs related to nuclear power production have increased and the delay of Olkiluoto 3 project has caused remarkable additional costs.[14]
An October 2016 story in theSüddeutsche Zeitungreports that TVO is calling onSiemensto take financial responsibility for the completion of unit3 of theOlkiluoto Nuclear Power Plant, because its project partner, the FrenchArevaGroup, is being broken up by the French government.[15][16]
https://en.wikipedia.org/wiki/Teollisuuden_Voima
