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Hitachi Nuclear deal ‘could create 12,000 UK Jobs’

A deal by Japanese firm, Hitachi, which has secured the nuclear project ‘Horizon’ at a cost of £700m, will create as many as 12,000 jobs within the UK.

Horizon was a venture originally planned by two German companies, E.ON and RWE, but doubt was cast over it last March when it was put up for sale following the meltdown of the nuclear reactors in Japan, causing the companies to pull out of all worldwide nuclear commitments.

However Hitachi has now breathed new life into the scheme, with the transaction expected to be completed next month, and construction expected to start within the next four years.

There will be a variety of jobs created once the project gets underway. Horizon plans to build two new nuclear plants in the UK, each of which will create around 5,000 new jobs in planning and construction, while each of the power plants is expected to require around 1,000 new specialist staff on a full time basis once up and running.

Prime Minster, David Cameron, has given the deal a warm reception, commenting that it is a “multi-million pound vote of confidence in the UK”.

“It will support up to 12,000 jobs during construction and thousands more permanent highly skilled roles once the power plants are operational, as well as stimulating exciting new industrial investments in the UK’s nuclear supply chain”

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