GM freezing pensions and cutting pay-raises to lower costs

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GM freezing pensions and cutting pay-raises to lower costs

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(KYTX) -- General Motors is freezing its pension plan for long-time employees and moving them over to a 401-k type plan.

The automaker will also give all workers an annual bonus instead of a pay raise to cut costs.

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KYTX CBS 19 Tyler Longview News Weather SportsGM freezing pensions and cutting pay-raises to lower costs

GM freezing pensions and cutting pay-raises to lower costs

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