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