France urges GE to stick to Alstom job commitments

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© Reuters. Logo of General Electric is seen in Baden© Reuters. Logo of General Electric is seen in Baden

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.

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