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Honda Cutting Pensions And Benefits

Honda is eliminating pensions for new workers and cutting benefits for current workers as part of a cost-cutting move. The company says current workers will keep all of the benefits they have previously accumulated. New workers will be offered a 401(k) savings plan starting in January. Honda has more than 13 thousand workers in Ohio and 4 thousand U.S. retirees.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.
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