GE to Make Detailed Commitments on Jobs in Alstom Deal
General Electric will make precise commitments to increase jobs in France as part of its efforts to seal a deal to buy Alstom's power arm, GE Chief Executive Jeff Immelt said on Tuesday.
During a hearing about GE's 12.35 billion euro ($16.9 billion) bid for Alstom's power business, Immelt also said his group was considering a tie-up in rail signaling that would give the French engineering group control of that business.
The French government has criticized the U.S. company's bid, citing concerns over domestic jobs and saying a straight sale of the power arm would weaken Alstom by reducing it to its smaller rail business.
(Reporting by Natalie Huet; Editing by Astrid Wendlandt)