Lost Pension Plan: A Hot-Button Issue for Striking Workers
Boeing union workers, in their seventh week of a strike, are seeking higher wages along with the restoration of the company’s pension plan, which has been frozen since 2014.
CFOsWERNER BRANDTCFO AND MEMBER OF THE EXECUTIVE BOARDSAP Brandt has led the technology company’s finance function through three major acquisitions— BusinessObjects, Sybase and SuccessFactors—in the last four years. Now he faces integrating a fourth acquisition, of e-commerce company Ariba.
JACK CALLAHANCFO AND EVPMCGRAW-HILL COS.Callahan, who joined McGraw-Hill in 2010 after serving as CFO at Dean Foods, is dealing with McGraw-Hill’s split into two public units by spinning off its education unit. The effort involves extensive cost cuts and the disaggregation of the work done by the company’s shared services center.
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Boeing union workers, in their seventh week of a strike, are seeking higher wages along with the restoration of the company’s pension plan, which has been frozen since 2014.
New research findings raise an important question for employers: Are your retirement plans truly supporting your employees, or are they costing them more than they should?
The projected increase is nearly identical to this year’s rate of 10.1%, which represents the highest increase forecasted in 10 years.
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