CB&I to Sell Nuclear Construction Business to Westinghouse

[Marlin]

CB&I to Sell Nuclear Construction Business to Westinghouse

http://www.prnewswire.com/news-releases/cbi-to-sell-nuclear-construction-business-to-westinghouse-300167317.html

[Mounder]

Let me see, that's Shaw/Stone & Webster/Foster Wheeler (CB& et all) selling to MK Ferguson/Washington Group/URS/AECOM and running the contract under the fossilized Westinghouse name......and Shaw previously owned part of Westinghouse. 

[Ksheed]

There are bigger reasons behind the buyout.

http://generationhub.com/2015/10/27/settlement-terms-reached-in-vogtle-new-nuclear-con

And Fluor slides in: http://www.powermag.com/cbi-out-fluor-in-at-vogtle-and-v-c-summer-nuclear-power-plant-construction-projects/

Guess that explains the job posting yesterday for Fluor in Region II: https://www.nukeworker.com/job/view.php?job_id=42296

[rpartees]

Any idea which hat the ex CB&I employees at Vogtle/VC Summer will wear now, Westinghouse or Fluor?

[Ksheed]

Any idea which hat the ex CB&I employees at Vogtle/VC Summer will wear now, Westinghouse or Fluor?

Just a guess:
Upper management-Westinghouse
Field Supervision and craft-Fluor

[mjd]

Big potential future unknown. Fluor is the deep pockets behind NuScale. If Fluor gets stretched too thin, and they don't see a potential for payback with NuScale....

[Ksheed]

Big potential future unknown. Fluor is the deep pockets behind NuScale. If Fluor gets stretched too thin, and they don't see a potential for payback with NuScale....

They were also just recently awarded the site contract at Comanche Peak.

[Rennhack]

There are bigger reasons behind the buyout.

http://generationhub.com/2015/10/27/settlement-terms-reached-in-vogtle-new-nuclear-con

And Fluor slides in: http://www.powermag.com/cbi-out-fluor-in-at-vogtle-and-v-c-summer-nuclear-power-plant-construction-projects/

Guess that explains the job posting yesterday for Fluor in Region II: https://www.nukeworker.com/job/view.php?job_id=42296

Exactly.

[HeavyD]

The current plan is that everyone who makes up Stone and Webster, whichever entities that may be, will become WEC.

Fluor is being brought in to be the project management firm, at least for our project (V. C. Summer 2 and 3).

In all likelihood, craft/trade will see no changes other than the name on their hardhats.  The management team here.......that may be an entirely different story.

I'll check back in as more info is provided to us.

[rpartees]

Thanks HeavyD.  It sounds like future job openings (Planning, Engineering, etc.) will be thru Westinghouse?

[HeavyD]

We don't know yet.

Probably, but that is pure speculation at this point.

Over the next 30 days or so the picture should start to become more clear.