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Pension deficit threatens GM's viability

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posted on May, 13 2009 @ 08:56 PM
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business.theglobeandmail.com...

24.69.78.93...

"General Motors of Canada Ltd. faces a pension shortfall of more than $7-billion, a gap that poses a major obstacle to a cost-cutting deal with the Canadian Auto Workers union, and a political challenge for Ottawa and Ontario."

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Remember, this is just Canada. At first blush, this not only shocks me, it strikes me as being potentially negligent.

JK






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