GE to pay $57M for failing to meet French job target

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Source: Dukascopy Bank SA
General Electric is set to pay $57M as it failed to meet the target of job creation agreed with the French authorities, when the company had acquired Alstom's energy unit, the country's Finance Ministry reported on Tuesday.
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Tue, 05 Feb 2019 20:50:20 GMT

Innogy to reorganise npower after SSE collapsed deal

Innogy's Chief Operating Officer Martin Herrmann stated on Tuesday the German energy group would launch a restructuring of its UK retail unit npower, which was likely to trigger new job cuts round, after the failed JV deal with the peer SSE.

Tue, 05 Feb 2019 20:20:45 GMT

Germany might take firm stakes to protect under-threat industry

On Tuesday, Peter Altmaier, the German Economy Minister, stated Germany was ready to take stakes in firms to protect some major technology areas from foreign takeovers on the back of the country's new industrial strategy.

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