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Tom Ruddy, 62, is approaching his 38th year at General Motors' Toledo Propulsion Systems plant and is ready to retire, but is waiting on GM to determine the dates and details of a special ...
The union has also won improved pension benefits for senior workers who have a traditional pension plan, and increased company contributions to 401(k) accounts of workers hired since 2007.
By 1994, "Pennsylvania's state pension funds [had] the most active program of in-state investments in the country," according to the Richmond Times-Dispatch, which also noted that Pennsylvania's pension system had "committed $259.5 million to venture capital funds that invest in the state or in out-of-state companies that create jobs in ...
This means production workers at Ultium Cells will see an immediate pay increase of $6 to $8 an hour upon ratification and all hourly and salaried employees, including those at GM's parts ...
The California CalPERS system outlawed this practice in 1993, but as of 2012 it remained legal in the 20 counties which did not participate in this public employee retirement system. [1] Pension spiking is often seen in public sector employers (who do not typically offer golden parachutes to employees the private sector does) and is an example ...
On February 18, 2009, General Motors and Chrysler again approached the U.S. government, in regard to obtaining a second bridging loan of $21.6 billion (£15.2 billion). $16.6 billion of this would go to General Motors, while Chrysler would take $5 billion. General Motors agreed to shed 47,000 jobs, close five plants, and axe 12 car models.
On Nov. 15, GM cut another 1,000 jobs, including 507 jobs at the GM Tech Center based on information provided to the state.“ There’s still a large money-losing EV business and threats like ...
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