GM suspends 401(k) match for salaried employees

Newswire

DETROIT, Dec 15 (Reuters) - General Motors Corp. is suspending contributions to its 401(k) retirement savings plan for salaried workers, a spokesman said on Thursday. "We continue to monitor the business in determining when to reinstate the matching contributions," GM spokesman Robert Herta said. The world's largest automaker was also dropping the requirement that up to 3 percent of worker's contributions and 100 percent of the automaker's contribution be invested in GM shares. This ...

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