General Motors Will Replace Retiree Health Benefits For Non-Union Workers With Monthly Pension Supplement - Submit Site

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General Motors Will Replace Retiree Health Benefits For Non-Union Workers With Monthly Pension Supplement - Read More

Date Added: July 18, 2008 01:28:04 AM

General Motors on Tuesday, as part of a plan to increase its liquidity by $15 billion, announced that it will eliminate health care benefits for non-union retirees older than age 65, the New York Times reports (Vlasic, New York Times, 7/16). Morgan Stanley analyst David Veal estimated that few than 100,000 retirees will lose health benefits (Wisenberg Brin, Dow Jones, 7/16).

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