Question 11017 — employment and activity

Summary

Mr. Jean-Luc Mélenchon draws the attention of the Minister of the Economy and Finance to the non-compliance with General Electrics' commitments to the French State and to the destruction of French industrial capacity. General Electrics acquired the energy branch of Alstom in 2014 with the authorization of the Minister of the Economy at the time, Emmanuel Macron. During this repurchase, the French State retained 20% of the securities, the latter having been loaned by the Bouygues group until the fall of 2017. The Government decided to renounce these purchase options, definitively withdrawing from Alstom's capital at the beginning of October 2017. The transport part of the former French industrial flagship is today on the verge of being the subject of a merger with the mobility sector of the Siemens group. Bercy granted authorization to this merger on May 28, 2018, thus ratifying one of the many chapters of the great French industrial clearance sale. When it purchased Alstom Energies, General Electrics made a commitment to the French state to develop employment on French territory to the tune of 1,000 jobs created by the end of 2018. Not only was this commitment not kept but the American company is destroying jobs on the Grenoble site which manufactures the turbines for the electric dams. General Electrics has officially announced to the Government that it would not keep its commitment in terms of job creation. The fine of 50,000 euros per job not created, which would amount to 34 million euros in the case of General Electrics, appears to be little dissuasive given the latter's turnover which is estimated at several tens of billions of dollars each year. The sale of Alstom to a foreign multinational was ultimately revealed a very bad deal for the conservation on the national territory of industrial know-how essential for carrying out ecological planning. Four years later, the American company found itself in the greatest difficulties. It announced the elimination of 12,000 jobs worldwide, including 4,500 in Europe. On June 26, 2018, it was even excluded from the Dow Jones Industrial Average, the stock market index of the most large American companies. To survive, it is French industry that it is sacrificing. He therefore asks what retaliatory measures will be taken by the French Government towards General Electrics to the extent that it has not respected its commitments made in 2014. Furthermore, he would like to know how the Government now intends to prevent the destruction of national industrial know-how.

Machine translation from French. The official text remains authoritative.

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