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General Motors hourly workers — who've been waiting since November to learn when they might take advantage of a $50,000 retirement program — will get some answers on Monday, according to a ...
The UAW says about 7,800 GM hourly workers are eligible for retirement at the moment. ... Stellantis spokeswoman Jodi Tinson told the Free Press that the 2024 Incentive Plan for Retirement for UAW ...
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 ...
Other workers were unhappy about the lack of a defined pension plan that workers had before the Great Financial Crisis of 2008. GM union members had until Thursday at 4 p.m. ET to vote on ...
A Pension administration firm can also be a division of a larger corporation engaged in the retirement plan business, such as with Principal Financial Group. The term "bundled" is sometimes used to refer to such an arrangement; [12] [13] [14] the same company maintains the plan, manages investments, and provides custody services.
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.
By Jeff Karoub DETROIT -- General Motors Co. plans to freeze its U.S. pension plan for longtime white-collar workers and give all salaried employees annual bonuses but not pay raises in an effort ...
Spark-plug production ended at Flint East in early 2006. Under an agreement reached by Delphi, General Motors, and the United Auto Workers in June 2007 Flint East and two other plants would remain open, operated by GM or a third party designated by GM. Hourly employment at the plant at that time had diminished to approximately 1,100 people.