General Electric pledges 1,000 new French jobs as part of Alstom deal: source

[jakeXT]

PARIS: US conglomerate General Electric is committed to creating 1,000 industrial jobs in France within three years to seal a deal to take over Alstom's power arm, a source close to the talks told Reuters.

GE's Chief Executive Jeff Immelt himself made the commitment when he met French President Francois Hollande earlier on Wednesday, the source said.

GE currently employs around 10,000 workers in France, and Alstom's power business around 9,000.

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GE Chief Executive Jeff Immelt, meanwhile, spoke in defence of his group's 12.35 billion euro ($16.9 billion) bid for Alstom's power arm. He said GE would make detailed commitments to increase jobs in France, including by opening new sites, and was also considering a tie-up in rail signalling that would give Alstom control of that business.

The French government has said it wanted better offers that would preserve jobs as well as the country's energy independence. Alstom is a supplier of turbines for nuclear plants worldwide, and Paris is concerned that a straight sale of its power arm could hurt France's position in the energy sector.

http://www.reuters.com/article/2014/05/27/us-alstom-offer-idUSKBN0E71LP20140527

[Doctor_J]

1. Free health care and 1000 or more new industrial jobs

Too bad I only speak English