US giant GE to pay France €50 million after creating just 25 jobs out of 1,000

US giant GE to pay France €50 million after creating just 25 jobs out of 1,000

The French government announced Tuesday that US industrial conglomerate General Electric will pay €50 million ($57 million) after falling short of its goal of creating 1,000 new jobs in the country.

Germany’s Siemens and France’s Alstom couple train units

Germany’s Siemens and France’s Alstom couple train units

France’s Alstom inks €75 million supply deal with India metro firms

France’s Alstom inks €75 million supply deal with India metro firms

Maker of France’s TGV trains merges with German industrial giant

Maker of France’s TGV trains merges with German industrial giant

French state orders 15 high-speed trains to save factory

French state orders 15 high-speed trains to save factory

French government fights to save historic TGV train factory

French government fights to save historic TGV train factory

EU probes GE’s €12bn purchase of Alstom

EU probes GE’s €12bn purchase of Alstom

Poland charges five in Alstom corruption case

Poland charges five in Alstom corruption case

US fines France’s Alstom $772M in bribery case

US fines France’s Alstom $772M in bribery case

France’s Alstom ‘to pay $700m’ in US for bribery

France’s Alstom ‘to pay $700m’ in US for bribery

France gives green light to GE takeover of Alstom

France gives green light to GE takeover of Alstom

GE taps China CEO to lead Alstom merger

GE taps China CEO to lead Alstom merger

Hollande’s tough stance over Alstom deal pays off

Hollande’s tough stance over Alstom deal pays off

France buys Alstom stake to pave way for GE

France buys Alstom stake to pave way for GE

Alstom board backs bid by General Electric

Alstom board backs bid by General Electric

France backs GE bid for industrial jewel Alstom

France backs GE bid for industrial jewel Alstom

US and German rivals in bidding war for Alstom

US and German rivals in bidding war for Alstom

Battle for Alstom heats up after joint bid unveiled

Battle for Alstom heats up after joint bid unveiled

Mitsubishi offers to buy Alstom stake

Mitsubishi offers to buy Alstom stake

Japanese firm joins battle for Alstom

Japanese firm joins battle for Alstom

GE pledges to create 1,000 new jobs in France

GE pledges to create 1,000 new jobs in France

Alstom: General Electric grants Paris more time

Alstom: General Electric grants Paris more time

US business body scolds French ‘protectionism’

US business body scolds French ‘protectionism’

Europe warns France about protectionism

Europe warns France about protectionism

France boosts veto rights over foreign takeovers

France boosts veto rights over foreign takeovers

France rejects GE bid for Alstom ‘in current form’

France rejects GE bid for Alstom ‘in current form’

Alstom approves €12.35b bid from General Electric

Alstom approves €12.35b bid from General Electric

Alstom: Intervention by government is all ‘noise’

Alstom: Intervention by government is all ‘noise’

Battle for Alstom: Saving jobs is key for Hollande

Battle for Alstom: Saving jobs is key for Hollande

Alstom: Hollande to meet rival US, German bidders

Alstom: Hollande to meet rival US, German bidders

Siemens ready to talk with French Alstom

Siemens ready to talk with French Alstom

Alstom talks prompt ‘patriotic’ worry in France

Alstom talks prompt ‘patriotic’ worry in France