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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 a memo obtained by the Detroit Free Press, GM's salaried workforce to get base wage increases, added contributions to 401(k) plans and other perks. Raises, increased benefits coming to nonunion ...
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 ...
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.
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.
But by October 2022, as the Free Press first reported, GM confirmed the start date to return to the office for those three days would be Jan. 30, 2023.GM said it would not keep track of worker ...
GM was the last of the Detroit Three to reach a tentative contract with the UAW on Oct. 30 and GM’s unionized workers ratified it Nov. 16 by a slim 55%. About 36,000 members at GM facilities ...
The 45-story structure was designed by Ludwig Mies van der Rohe and completed in 1974 as the last portion of the new Federal Center. It is 562 feet (171 m) tall and with the Mies designed post office and plaza stands on the site previously occupied by the Chicago Federal Building by the architect Henry Ives Cobb.