FedEx Corp. (NYSE:FDX) has announced it is the most recent U.S. company to at least temporarily cancel all 401(k) matching contributions for its employees.
ABC said in addition to dropping all 401(k) payments for at least one year, the company suspended all pay raises for 2009 and implemented a 5 percent pay cut for all its salaried workers.
Friday, December 19, 2008
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