No change either way for pensioners, but will there be a buyout for former hourly employees in the future?
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Those days are over. That was an old GE way of pushing people to earlier retirement. With shortage of hood manpower, why offer packages. Most leave on their own once they can! We have lost a lot of talent unfortunately.
It will be interesting to see how each companies pension liability compares to its valuation post split.
Only if it benefits the company, which means you might get a low ball offer…