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Lump Sum Offerings to Hourly Retirees Most Likely on GM's Agenda
mLive.com 
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." MORE >> |
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