GE FREEZES PENSION PLANS FOR 20,000 U.S EMPLOYEES
News by Editorial Team 09 Oct 2019
On Monday, Google announced to cut debt and reduce its pension deficit by USD 8 billion by freezing the pension plans of roughly 20,000 U.S employees. Lawrence Culp, the new CEO has tried to raise cash and eliminate debt, reports HR Dive. As of June 30, GE had borrowings of about USD105.8 billion and industrial debt at USD54.4 billion, Reuters reports.