[QODLink]
Europe

Battle for France's Alstom ramps up

As General Electric and Siemens vie to buy the country's leading energy company, workers worry about possible job cuts.

Last updated: 30 Apr 2014 18:10
Email Article
Print Article
Share article
Send Feedback

The battle to buy one of France's leading energy companies is intensifying.

Both Siemens and General Electric have expressed interest in acquiring part of the French firm, Alstom.

But Alstom employees worry that, if GE buys the company, it will strip assets and cut jobs.

Arnaud Montebourg, France's economy minister, has not ruled out a sale to GE, but he would prefer to make a deal with the German engineering company, Siemens.

Al Jazeera's Jacky Rowland reports from Paris.

79

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
Amid vote audit and horse-trading, politicians of all hues agree a compromise is needed to avoid political instability.
Part of the joint accord aimed at ending the political impasse establishes an independent National Election Commission.
Rights groups say the US prosecution of terrorism cases targets Muslims and are fraught with abuses.
Local painters forgo experimentation to cater to growing number of foreign buyers.
Cyprus is a tax haven and has long attracted wealthy Russians, but it could become a European energy hub.
join our mailing list