GM To Inject $6B Into Pension Plans.The article reports on the plan of General Motors (GM) to commit about 6 billion U.S. dollars to its U.S. hourly and salaried pension plans.EBSCO_bspMoney Management Letter
摘要: Reports on the plan of General Motors Corp. to reduce its huge unfunded pension liability for hourly workers. Approval received from Pension Benefit Guaranty Corp.; Restoration of the company's balance sheet strength; Concern aired by investors and credit rating agencies....
Briefs: Nearly 48,000 Take Buyouts at GM, Delphi About 47,600 hourly workers have decided to leave General Motors Corp. and Delphi Corp. through buyout or early retirement offers, accelerating the distres... US Newspapers 被引量: 0发表: 0年 ...
Key elements of the deal included a 25 percent wage increase for hourly employees; guaranteed cost-of-living adjustments; an elimination of different pay levels or "tiers" that disadvantage junior employees; and a right to strike over plant closures. While the agreements won widespread praise among...
"While on strike, some benefits shift to being funded by the union's strike fund, and in this case hourly employees are eligible for union-paid COBRA so theirhealth carebenefits can continue," the statement added. Union leaders have argued that GM workers deserved a bigger slice of the comp...
这是通用汽车100年历史上第二差的业绩,也使通用汽车首席执行长瓦格纳(Rick Wagoner)自2005年开始大规模重组以来的累计净亏损额达到了820亿美元。通用汽车目前依靠政府提供的134亿美元政府救助贷款维持生存。瓦格纳计划周四会见奥巴马政府的成员,再申请至多166亿美元资金,其中包括维持34月份业务所需的40亿美元。通用汽车...
(GM) agreed to a settlement regarding GM's pension plan underfunding that calls for GM contributions of $4 billion in cash and $6 billion in stock to the Pension Plan for Hourly-Rate Employees. This is in addition to the required ...
(GM) is considering taking bigger part of Dephi's pension liabilities. According to Delphi, the hourly worker pension plan of the company is underfunded by nearly $3.8 billion. It notes that the additional assistance of GM could alleviate the financial troubles of Delphi, but the bid of the ...
GM to reduce underfundingReports on General Motors Corp.'s plans to reduce underfunding in its private pension plans. Contribution of Class E Shares to its hourly workers plan; Cash donation.Business Insurance