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Lump Sum Offerings to Hourly Retirees Most Likely on GM's Agenda
mLive.com Link to more items from this source
June 4, 2012
"While announcing it will offer 42,000 of its 118,000 U.S. white-collar retirees a lump-sum of cash if they agree to stop taking monthly benefits, GM will continue to look at ways of reducing its balance sheet, according to company officials.... [A company spokesman] would not directly say what the Detroit-based automaker's future plans are for lowering pension obligations, but said they were 'a significant topic of discussion' during last year's contract negotiations with the union.... The current four-year contract between the UAW and GM will expire in 2015."

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