GE to freeze, pre-pay pensions to save up to $8 billion, cut debt

October 7, 2019 admin Business News Comments Off on GE to freeze, pre-pay pensions to save up to $8 billion, cut debt

General Electric Co said on Monday it would freeze pensions for about 20,000 salaried U.S. employees and take other related moves to help the ailing conglomerate cut debt and reduce its retirement fund deficit by up to $8 billion.

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Source:: Reuters – Business News