US - The Pension Benefit Guaranty Corporation (PBGC) and Swedish-owned Electrolux Home Products have reached a US$77.5m agreement to protect retirement benefits of more than 2,350 former employees.
Under the agreement, Electrolux agreed to waive an existing $42.5m credit balance in its pension fund and make $35m in additional contributions to the pension plan over the next five years. In ...
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