GE should be fined if French job pledges not met – France
U.S. company General Electric should be fined if it does not create as many jobs at Alstom as agreed when it purchased its energy subsidiary in 2015, a French government spokesman said on Sunday. GE had committed to create 1,000 net new jobs by the end of this year when it bought Alstom's energy business in 2015, but had created only 323 by the end of April, the Finance Ministry said last week. GE Chief Executive John Flannery informed French Finance Minister Bruno Le Maire this week that the target was now "out of reach" because of difficult market conditions.
