To continue, please click the box below to let us know you're not a robot. General Electric is facing up to $60m in fines to the French government after failing to fulfil a promise to generate 1,000 jobs before the end of 2018. The industrial company made the pledge as part of its successful bid to purchase Alstom’s energy business in 2015, committing to pay the country €50,000 ($57,000) for every role it failed to create. But according to Reuters, Alstom has been unable to meet that commitment, and will now have to repay the money by March 2019. The government has said it will use the money to help businesses in the areas for which the jobs were intended.
General Electric is facing up to $60m in fines to the French government after failing to fulfil a promise to generate 1,000 jobs before the end of 2018. The industrial company made the pledge as part of its successful bid to purchase Alstom’s energy business in 2015, committing to pay the country €50,000 ($57,000) for every role it failed to create. But according to Reuters, Alstom has been unable to meet that commitment, and will now have to repay the money by March 2019. The government has said it will use the money to help businesses in the areas for which the jobs were intended.