Skip to content
Subscriber Only

GE Targets $8 Billion Deficit Cut With Pension Freeze for 20,000

  • Move will trim net debt by as much as $6 billion, company says
  • Falling interest rates complicate one of Culp’s top challenges
Video player cover image
GE Pension Benefits Freeze May Cut Deficit Up to $8 Billion
Updated on

General Electric Co.’s pension deficit is the worst in corporate America, hampering Chief Executive Officer Larry Culp’s efforts to rescue the manufacturing icon.

Now, with falling interest rates making his job even harder, he’s doing something about it.