France's Areva to cut nuclear jobs and investment

Areva has unveiled big cuts to jobs, investments and dividends as it forecast an operating loss of up to 1.6bn euros ($2.1bn, £1.4bn) this year.

The French nuclear giant will shed up to 1,500 workers in Germany - a quarter of its workforce there - after Berlin's decision to phase out nuclear power.

French employees will face a wage freeze next year, but no job cuts, while management are foregoing bonuses.

Its 2012-16 global investment plans are being cut by 34% to 7.7bn euros.

Hugh Schofield reports from Paris.