General Motors is measured to reduce pension payments by worker to 3.9 billion dollars.
American motor-car construction corporation General Motors Corp. has reduced the size of obligations on payment of pensions to the employees by 3.9 billion dollars that makes 4,4% from a total sum. In the end of 2005 it was planned, that as pensions GM will pay 89 billion dollars. Reduction of sum GM explains as aspiration to cut down expenses in a kind of a growing competition from foreign competitors who use work of younger employees and consequently are to a lesser degree burdened by expenditure for pensions and public health services, informs Associated Press.