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General Electric freezing pension plan for 20,000 of its U.S. employees

Outlet: 
CBS NEWS
Date Published: 
Tuesday, October 8, 2019

General Electric announced it will freeze the pensions of 20,000 U.S. salaried workers, a measure designed to reduce its pension deficit and trim debt. The move will shave GE's pension deficit by as much as $8 billion and its net debt by as much as $6 billion.

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