Tag Archives: pension

Édouard Philippe tells unions he will ‘provisionally’ withdraw incentive to keep working until 64 A pensions reform protester dressed as the comic book character Obelix talks to a French policeman in Paris on Saturday 11 January. Photograph: Bertrand Guay/AFP via Getty Images The French government has made a major climbdown in its battle with unions…

Image copyright Getty Images Image caption The usually busy Gare du Nord railway station seen empty on Thursday Widespread travel disruption is expected to continue in France for a second day on Friday as the largest nationwide strike in years continues.Workers from a wide range of sectors are protesting against pension reforms.More than 800,000 people…

General Electric is freezing the pensions of 20,000 U.S. salaried workers to reduce billions in future pension obligations and trim debt.About 700 employees in its supplemental pension program, geared toward executives, will also have their pension benefits frozen.The company said the change won't impact already retired GE workers.General Electric announced it will freeze the pensions of…

General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate…

A worker looks at the 9HA Gas Turbine, at the General Electric plant in Belfort, France.Frederick Florin | AFP | Getty ImagesGeneral Electric's announcement that it is freezing pension plans for about 20,000 U.S. employees is part of the company's "next steps in the balance sheet unwind," J.P. Morgan analyst Stephen Tusa wrote on Monday.While…

GE issues another rebuttalGeneral Electric is still trying to defend itself against accusations of accounting issues. SEC said they are monitoring the situation.General Electric is making sweeping changes to its pension plan for approximately 20,000 employees, sending shares higher ahead of Monday’s opening bell.TickerSecurityLastChangeChange %GEGENERAL ELECTRIC COMPANY8.57-0.14-1.61%Seven hundred employees who became executives before 2011 will have…

GE issues another rebuttalGeneral Electric is still trying to defend itself against accusations of accounting issues. SEC said they are monitoring the situation.General Electric is making sweeping changes to its pension plan for approximately 20,000 employees, sending shares higher ahead of Monday’s opening bell.TickerSecurityLastChangeChange %GEGENERAL ELECTRIC COMPANY8.57-0.14-1.61%Seven hundred employees who became executives before 2011 will have…