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October 23, 2008 · 10:49AM

GM Suspends Payments Into 401K Plans

General Motors announced Thursday it will suspend matching payments to employee 401K plans effective November 1st as it assesses its cash reserves and staffing needs amid a deep downturn in sales.  The Detroit automaker said it could reinstate matching payments if business conditions improve. (Reuters)

Categories: Business & Finance Today · Financial Services · Markets, Economic News · Transportation

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