GE to make detailed commitments on jobs in Alstom deal: CEO

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GE to make detailed commitments on jobs in Alstom deal: CEO

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.

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