French finance minister to fight GE's plan to cut jobs

French finance minister to fight GE's plan to cut jobs


1 photo
Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

PARIS (AP) — France's finance minister is asking U.S. company General Electric to change its plans to cut more than 1,000 jobs in France.

Bruno Le Maire said Wednesday he will talk to GE's CEO, Larry Culp, by phone on Thursday. He committed to "stand by the employees' side."

GE on Tuesday announced plans to cut jobs in France, mostly in its plant in the eastern city of Belfort, which currently employs more than 4,000 people.

The industrial conglomerate said its strategy to cut costs will mostly focus on its gas power business.

Earlier this year, the French government decided to fine GE 50 million euros ($56 million) after the company didn't create the jobs it had promised when it announced the purchase of part of French rival Alstom in 2014.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Photos

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast