France is threatening to take the unusual step of fining General Electric if it fails to create a set number of jobs in the country.

It is claimed the US industrial giant will renege on a pledge to produce 1,000 new jobs by the end of the year.

The Labour minister Muriel Penicaud said GE would face a €50,000 penalty for every job not created.

The move could be a test of President Emmanuel Macron’s bid to push through more business-friendly policies.