France urges GE to stick to Alstom job commitments

PARIS (Reuters) – French Finance Minister Bruno Le Maire urged General Electric (NYSE:) on Thursday to stick to job commitments at Alstom (PA:) after the U.S. group informed him it would not be able to create as many as previously planned.

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 in a statement.

After GE Chief Executive John Flannery informed Le Maire the target was now “out of reach”, Le Maire asked him to ensure that “GE take all necessary measures to comply to the best of its abilities” with its commitments.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.