GE is reconstructing its management Freezing corporate pension for 20,000 employees October 9th 8:31
GE = General Electric in the United States is restructuring and decided to stop accumulating and managing the corporate pension for 20,000 employees. A long-established manufacturer that represents the United States explains that it is a necessary measure to rebuild its business amid sluggish business and weak stock prices.
According to the announcement, 20,000 employees in the United States will be subject to freezing corporate pensions and will stop paying for the rest of the year, and the amount until then will be paid after retirement.
Since corporate pension funds are also provided by corporate pensions, GE will reduce debt by up to 8 billion US dollars and 850 billion yen in Japanese yen through this measure.
Originating from Thomas Edison, the king of inventions, GE is a leading American manufacturer of turbines and aircraft engines for power plants.
However, the expansion of the business to the financial industry, etc., was sluggish due to the Lehman shock in 2008, and the stock price that achieved the world's best market capitalization in 2000 fell to 1/18, from $ 155 at that time to over $ 8. It is.
In the fall of last year, the first-time outsiders were appointed to the top of management, and sales of the medical device business and a large-scale personnel reduction were promoted.