G.E. to Freeze Pensions in Bid to Cut Debt by Up to $8 Billion

Photo of G.E. to Freeze Pensions in Bid to Cut Debt by Up to $8 Billion
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G.E. said its decision to freeze pension benefits would help reduce its debt. General Electric and its finance arm had total borrowings of about $105.8 billion as of June 30.

view The New York Times: Business
#company reports
#pensions and retirement plans
#general electric company