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
The article focuses on General Motors Co.'s (GM) pension buyout plan following the announcement by Ford Motor Co. The chief financial officer (CFO) Dan Ammann stated that several alternatives are being considered. As...
The article focuses on General Motors Co.'s (GM) pension buyout plan following the announcement by Ford Motor Co. The chief financial officer (CFO) Dan Ammann stated that several alternatives are being considered. As stated in an annual report, GM had 120,000 U.S. salaried retirees and de...
30, GM will freeze its defined- benefit pension plan for U.S. salaried employees hired before Jan. 1, 2001. Some employees told me that many feel clueless about how much money they're specifically going to be losing in retirement. Others ran their own numbers and numbers for co-workers....
said Tuesday its directors voted to halve both the company's $2 annual dividend and its chief executive's compensation to save cash while the automaker grapples with soaring costs and waning market share. GM GM also said it was restructuring its pension plan for salaried workers and will ...
The article reports on the employment expansion in General Motors in March 2006. The company revealed plans to reduce its pension liabilities by shifting white-collar workers to plans that depend on higher employee contributions. In addition, it has sharply cut back on salaried pension and health ...
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) to phase out its traditional defined benefit pension plan for its salaried employees. The move could set the stage for GM, other big automobile manufacturers and other large, old-line manufacturers to try to do the same thing to the pension plans covering their union employees. In the ...
The article discusses General Motors' de-risking approaches that have dramatically reduced the size of its salaried pension plan. It notes how the 30% of eligible salaried retirees who accepted its offer to convert...
including imposition of a wage freeze for 26,000 salaried employees in the U.S., reduced annual bonuses, and termination of contributions to the company's traditional pension plan.TerlepSharonEBSCO_bspWall Street Journal Eastern Edition