The other pledges GE failed to honour after acquisition of Alstom

By Guillaume Clerc (Factuel.info)

US group General Electric (GE) last month announced it would axe more than 1,000 jobs from its energy arm in France, most of them at its gas turbine plant at Belfort, in the north-east of the country, which it bought from French firm Alstom in 2015. The news, which notably came two days after the European elections in France, caused uproar among trades unions and local politicians, and follows GE’s payment of a 50-million-euro fine earlier this year for failing to honour its pledge, when it acquired Alstom’s energy division, of creating 1,000 jobs by 2018. Mediapart has obtained the contract inked by GE and the French state in November 2014 which set the terms for the sale of the Alstom business, and it reveals that the US group has also failed to honour other commitments towards its operations in France.

Reading articles is for subscribers only. Subscribe now.

On May 28th, US group General Electric (GE) announced it is to axe 1,044 jobs from its energy branch in France, most of them at its site in Belfort, where it employs around 4,300 people. The job cull is expected to affect almost 800 of its staff in its gas turbine unit, out of a payroll of 1,900.