GE faces €50M bill for failed French jobs pledge [Seeking Alpha]
GE Aerospace (GE)
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Source: Seeking Alpha
GE faces €50M bill for failed French jobs pledge - General Electric (NYSE:GE) | Seeking Alpha GE faces €50M bill for failed French jobs pledge Jan. 15, 2019 7:55 AM ET | Yoel Minkoff The government of French President Emmanuel Macron is set to come knocking at Bloomberg reports The funds will be earmarked for fostering businesses in the areas where jobs were supposed to have been created. GE promised it would add 1,000 positions in France by end-2018 when it bought Alstom's energy business, or pay the French government a fine of €50,000 for every job not generated. Click to subscribe to real-time analytics on GE Now read: General Electric: Time To Buy?
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