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AB 2000 studies

Alain Boublil Blog

   

Archives June 2, 2019

General Electric and Alstom (continuation)

The announcement, the day after European elections of one thousand redundancies at Belfort site has generated indignation and acerb critics to the government. When the acquisition by General Electric of Alstom power businesses was approved by the State in 2015, it had been decided, on the opposite, jobs creations of about one thousand. Unable to fulfill this commitment, the American group was asked for a 50 million euro penalty by the State. But these announced jobs reductions are not concerning the activities acquired four years ago. They result from the major strategic mistakes made 25 years ago by Alsthom, whose ...

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