France may fine GE up to EUR 50 million for failing to create promised jobs

France is set to demand up to EUR 50 million from General Electric for failing to create 1,000 jobs as promised in the 2015 Alstom acquisition approval, with only 323 jobs created by end-April 2018.

“The government of French President Emmanuel Macron is set to come knocking at GE’s door for its cash in the next few weeks, a French official said.”industryweek.com

• 1 source
• industryweek.comGE Didn't Deliver on Jobs. Now, France Wants Up to $60 Million | IndustryWeekBloombergJan 15, 2019

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