General Electric faces fines in France for not creating pledged jobs

US corporation General Electric faces fines of 50,000 euros for every job it promised but has failed to create after its purchase in 2014 of the energy arm of French engineering company Alstom, labour minister Muriel Penicaud has said.

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France is threatening to take the unusual step of fining General Electric if it fails to create a set number of jobs in the country, reports BBC News.