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PBGC, Bendix Reach Settlement, End Litigation over Pensions
Critics of the federal agency say it has been lax and ineffective in protecting pensions. Under today’s settlement, PBGC won’t require Bendix to put up collateral for the remaining $8.4 million in pension liability, provided the company remains financially strong until the end of the year. Continue reading
Posted in auto news, financial results, labor issues, litigation, news analysis, results
Tagged auto informed, autoinformed.com, automotive news, bendix, Ken Zino, knorr-bremse, pbgc, pensions
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