GM to cut about one-fourth of US pension liability – CNBC.com
 CBS News |
GM to cut about one-fourth of US pension liability
CNBC.com DETROIT (Reuters) – General Motors Co will cut nearly a quarter of its US pension obligation by transferring the management of its pension plans for 118000 white-collar retirees to a third party and offering lump-sum buyouts. The two moves unveiled on … News Summary: GM cuts its liability for future pension payments by $ 26B with … GM Unloads $ 26 Billion in White-Collar Pensions; Could Union Workers Be Next? GM cuts $ 26bn from pension liability |
