Post Tagged with: "pension plan"

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GM pension plan may fuel more transfers

GM pension plan may fuel more transfers

After General Motors made a deal with Prudential Financial to cut pension obligations by $26 billion, more and more companies are thinking to do the same – as US firms face a retirement funding shortfall the size of Greece’s debt. Bloomberg reports that pension liabilities exceed assets by more than […]

General Motors to cut number of platforms by 2018

General Motors to cut number of platforms by 2018

General Motors at Warren Tech Center on Tuesday said that it will drastically streamline its global operations in order to allow for smoother operations. While it has shed jobs, brands and debt during bankruptcy, GM’s executives admit the Detroit based automaker continues to have an inefficient manufacturing network, weak supplier […]