Tag Archives: gm white-collar benefit cutbacks

GM to Freeze U.S. Pension Plans and Convert to 401Ks

GM’s global pension plans were underfunded by $24.5 billion, an increase from $22.2 billion at the end of 2010, GM reported today in its year-end results. Of that potentially crippling debt $13.4 billion is in the U.S. Continue reading

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