GE plans to freeze its U.S. pension plan for roughly 20,000 employees with salaried benefits, among other changes aimed at cutting debt
General Electric Co. said it was freezing its pension plan for about 20,000 U.S. workers and offering pension buyouts to 100,000 former employees, as the conglomerate looks for ways to pare its debt.
Chief Executive Larry Culp has made paying down debt one of his priorities since abruptly becoming CEO a year ago. GE’s traditional pension...
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