You turn to us for voices you won't hear anywhere else.

Sign up for Democracy Now!'s Daily Digest to get our latest headlines and stories delivered to your inbox every day.

FedEx Suspends All Contributions to Workers’ 401(K) Plans

HeadlineDec 22, 2008

In other economic news, several major corporations are trimming their contributions to their workers’ 401(k) retirement plans. Last week, FedEx announced it would suspend all of its contributions to workers’ 401(k) plans for at least a year. Eastman Kodak, Motorola, General Motors and Resorts International are among other companies that have cut matching contributions to their plans since September.

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top