Areva, France's nuclear giant, has announced large cuts of jobs, investments and dividends after it projected a net loss of 1.6bn euros for 2011. The company will cut 1,500 jobs in Germany after Germany said it plans phasing out the nuclear power generation. France's payroll will not be decreased but the salaries will be frozen. The investments for the next 5 years are going to be decreased by 34% to 7.7bn euros.