Sunday 2 April 2017
Westinghouse : Origins and Effects of the Downfall of a Nuclear Giant
On 29 March 2017, Westinghouse Electric Company, a subsidiary of Japanese company Toshiba and the largest historic builder of nuclear power plants in the world, filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. The insolvency has resulted from a number of factors, most importantly, the massive cost increases and time delays at the (...)
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