Clock Ticks for French Workers as GE Confronts Bloated Legacy
- CEO Flannery holds fire on job cuts in France due to pledges
- Amid parliamentary probe, unions say posts will eventually go
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French workers were spared in General Electric Co.’s decision to axe thousands of jobs, but they won’t be protected for long.
The beleaguered U.S. industrial company is seeking to trim its bloated power division just two years after acquiring French rival Alstom SA’s turbine-making operations. Yet cutting jobs in France wasn’t part of GE’s plan unveiled last month to eliminate 12,000 positions worldwide.