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Ahead of GM's (GM) annual meeting today, CEO Dan Akerson says he is hopeful the car maker will soon reach a deal with German unions over cost cuts as it looks to turn around its loss-making Opel Vauxhall European ops. Akerson also says GM may move pensions for union retirees to a private annuity, as it is doing with salaried retirees.

Ahead of GM's (GM) annual meeting today, CEO Dan Akerson says he is hopeful the car maker will soon reach a deal with German unions over cost cuts as it looks to turn around its loss-making Opel Vauxhall European ops. Akerson also says GM may move pensions for union retirees to a private annuity, as it is doing with salaried retirees. 1 comment!
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