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The Detroit-based automaker said roughly 19,000 salaried workers hired before 2001 will move from a traditional pension with guaranteed payments to a 401(k)-type plan with contributions based on ...
In an 8-K filing submitted by GM on Thursday, the automaker says it expects to take a $1.5 billion pre-tax charge, and up to $300 million in pre-tax, non-cash pension curtailment charges. GM said ...
Prudential completes pension transfer agreement with General Motors Co. NEWARK, N.J.--(BUSINESS WIRE)-- The Prudential Insurance Company of America, a Prudential Financial, Inc. company (NYS: PRU ...
The workforce is represented by the United Auto Workers, Local 1268 and 1761. There have been two UAW-ordered strikes in the plant's history. In 1973, there was a nine-day strike over the right to turn down overtime, pension funding, and health and safety measures. In 1981, there was a nine-day strike to receive pay parity with Ford and GM workers.
General Motors is increasing the pressure on its 43,500 salaried workers across the United States to return to the office. In a company-wide email to employees Tuesday morning that was obtained by ...
One Prudential Plaza (formerly known as the Prudential Building) is a 41-story structure in Chicago completed in 1955 as the headquarters for Prudential's Mid-America company. It was the first skyscraper built in Chicago since the Great Depression of the 1930s and the Second World War.
71 South Wacker (previously known as the “Hyatt Center”) is an American office tower in Chicago completed in 2005. The 48-story skyscraper stands at 679 feet (207 m) on 71 South Wacker Drive. It is owned by the Irvine Company. The architects were Pei Cobb Freed & Partners. The tower is notable for the lozenge shaped plan and the resulting ...
One of the most overlooked problems with Ford and General Motors in recent history was their massively underfunded pension plans. Consider that at the end of 2012 Ford's global pension plan was ...