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.<\/p>\n

It is claimed the US industrial giant will renege on a pledge to produce 1,000 new jobs by the end of the year.<\/p>\n

The Labour minister Muriel Penicaud said GE would face a \u20ac50,000 penalty for every job not created.<\/p>\n

The move could be a test of President Emmanuel Macron’s bid to push through more business-friendly policies.<\/p>\n

GE had committed to create a net 1,000 new jobs by the end of this year<\/a>\u00a0when it bought the energy business of France’s Alstom in 2014. The US company was in competition for Alstom with Siemens of Germany.<\/p>\n

But GE had created only 323 jobs by the end of April, the finance ministry said last week.<\/p>\n

GE chief executive John Flannery informed French Finance Minister Bruno Le Maire last week that the target was now “out of reach” because of difficult market conditions.<\/p>\n

The minister urged GE to “take all necessary measures to comply to the best of its abilities”.<\/p>\n

On Sunday, Ms Penicaud went further, telling BFM television: “The [Alstom] contract called for a \u20ac50,000 penalty for every job not created.”<\/p>\n","protected":false},"excerpt":{"rendered":"

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