Excerpt: “It’s not just the airline industry. Across the United States, companies feeling the squeeze from low-cost foreign competition, new technology, rising oil prices, recession and changing consumer patterns — ranging from Rust Belt steel, textile and auto parts makers to white-collar insurance giants — have found that when they need to save money, their [...]
Excerpt: “[The company] sponsors four defined benefit pension plans that cover more than 4,600 participants, emerged from bankruptcy with those programs still intact [and] the plan of reorganization confirmed by the bankruptcy court provides that Dura Automotive will continue to sponsor and maintain those plans.’ (PLANSPONSOR.com; free registration required)
Excerpt: “Financially troubled auto parts manufacturer Delphi Corp. will freeze its two pension plans and shift some pension liabilities to former parent General Motors Corp. under a bankruptcy reorganization proposal filed [September 6] and an agreement reached with GM.” (Business Insurance)
There is a Woman were dealing with right now and she filed for bankruptcy about 7 months ago. Most p
