Thousands of Americans will freeze pensions due to debt

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www.vsyako.netPhoto: Alwyn Scott / Reuters

The American company General Electric has decided to freeze pension plan for about 20 thousand employees. According to Reuters, this is dictated by the need to reduce debt.

In addition, will freeze additional pension payments to approximately 700 employees. It is expected that the company will be able to reduce net debt at 4-6 billion dollars, and reduce the pension deficit of the company at 5.8 billion dollars.

“We carefully weighed the market trends and our strategic priority to improve our financial position given the impact on our employees,” said personnel Director Kevin Cox. His statement is given in the message published on the website of the company. According to Coke, the company makes every effort to support employees during the transition period, the decision to freeze pensions he called difficult.

Video, photo All from Russia.

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