GE announced today that it made a binding offer to acquire the thermal power, renewable energy and electricity grid businesses of the French engineering conglomerate Alstom for $13.5 billion in cash.
GROWING confidence in the economic recovery has led to the sharpest rise in companies’ recruitment plans for six years, with small firms alone set to create 660,000 new jobs, according to a string of key surveys out today.
GE formally opened its newly expanded oil and gas facility in Fót, Hungary. The GE Oil & Gas manufacturing plant has been substantially enlarged with the addition of a new 8,000 square meter manufacturing facility and a new office building of 3,000 square meters. The new state-of-the-art manufacturing base will provide central unit control panels (UCPs) for pipelines, LNG production facilities and other oil and gas applications. The increased capacity adds more than 100 jobs, including 40 engineering positions, an employment increase of more than 80 percent.
The budget includes a package of initiatives to help manufacturers with rising energy costs and environmental levies.