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GE plans to move jobs to France amid uncertainty over Exim financing

Thursday, September 17, 2015 - 05:50

GE said French export agency has offered a new line of credit for some of its power project bids in exchange for moving production of some heavy-duty gas turbines to France, along with 400 jobs.


GENERAL Electric Co said on Tuesday it will move as many as 500 US power turbine manufacturing jobs to Europe and China because it can no longer access US Export-Import Bank financing, reigniting a congressional battle over the suspended institution's future.

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