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GE plans to move jobs to France amid uncertainty over Exim financing
Add BT as a preferred sourcePublished Wed, Sep 16, 2015 · 09:50 PM
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Washington
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.
The largest US industrial conglomerate said France's COFACE export agency has agreed to support some of GE's global power project bids with a new line of credit in exchange for moving production of some heavy-duty gas turbines to Belfort, France, along with 400 jobs.
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