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BullNBear52

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BullNBear52

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Monday, 10/07/2019 9:10:34 AM

Monday, October 07, 2019 9:10:34 AM

Post# of 54376
GE to freeze pension plans for about 20,000 US employees in a bid to cut debt
PUBLISHED 2 HOURS AGOUPDATED 35 MIN AGO
Reuters
KEY POINTS
General Electric said on Monday it was freezing the pension plan for about 20,000 U.S. employees with salaried benefits.
The industrial conglomerate is trying to slash its huge pile of debt.
The move will also help reduce the company’s pension deficit by about $5 billion to $8 billion.

https://www.cnbc.com/2019/10/07/ge-to-freeze-pension-plans-for-about-20000-us-employees-in-a-bid-to-cut-debt.html

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