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Started By
Message
re: Exxon Suspending 401K 6% Match in October
Posted on 8/5/20 at 7:59 pm to Trout Bandit
Posted on 8/5/20 at 7:59 pm to Trout Bandit
quote:
One of the most profitable companies ever
They just reported a billion dollar loss in Q2.
2
Posted on 8/5/20 at 7:59 pm to DiamondDog
quote:
his like the only time it pays to be a government subcontractor.
Govt employees get higher pay and pensions. They are winning bigly right now vs the private sector.
Posted on 8/5/20 at 8:00 pm to Matt225
Exxon has always treated employees like shite. They still don’t even offer 9/80s.
Posted on 8/5/20 at 8:00 pm to DiamondDog
quote:
This like the only time it pays to be a government subcontractor.
Except you would be making 25% or more less in that situation, especially if you lived in this crappy state.
Posted on 8/5/20 at 8:02 pm to Matt225
They can make it up by suspending this guy for life! 
This post was edited on 8/5/20 at 8:03 pm
Posted on 8/5/20 at 8:06 pm to Matt225
You still have a pension there right? I don’t want to hear any complaining
Posted on 8/5/20 at 8:07 pm to Civildawg
Yeah, don't take a look at how well that pension is funded...
Posted on 8/5/20 at 8:07 pm to lostinbr
quote:
They just reported a billion dollar loss in Q2.
They made 15B last year. Cry me a river about their loss.
This post was edited on 8/5/20 at 8:09 pm
Posted on 8/5/20 at 8:09 pm to notiger1997
quote:
Except you would be making 25% or more less in that situation, especially if you lived in this crappy state.
I live in this crappy state and get paid DC rates. I’m fortunate to live my best life. I’m also private sector.
This post was edited on 8/5/20 at 8:10 pm
Posted on 8/5/20 at 8:11 pm to Matt225
We did this back on May 1st
Posted on 8/5/20 at 8:11 pm to Matt225
Whoa
That’s harsh but own Exxon In my 401k so i clap
Ironic?
That’s harsh but own Exxon In my 401k so i clap
Ironic?
Posted on 8/5/20 at 8:12 pm to Matt225
I'd imagine many private companies will stop matching 401k, probably never to return
Posted on 8/5/20 at 8:13 pm to Matt225
I work for a soul-less, publicly traded, bloodsucking multinational F500, and they did this in March.
I’d say Exxon is a standup entity from what I have seen in house and with our clients.
It’s either cut benefits or jobs; that Wall Street dick gets sucked no matter what. Just part of the game
I’d say Exxon is a standup entity from what I have seen in house and with our clients.
It’s either cut benefits or jobs; that Wall Street dick gets sucked no matter what. Just part of the game
Posted on 8/5/20 at 8:13 pm to Matt225
Trying hard to imagine an Exxon employee who isn't a loser...
Posted on 8/5/20 at 8:14 pm to The Third Leg
quote:
I’d say Exxon is a standup entity from what I have seen in house and with our clients.
Posted on 8/5/20 at 8:18 pm to Matt225
I do not work for Exxon, bit this will happen to all before long. 1st no pensions--we gonna give your 401k instead --
Now no 401k match.
Now no 401k match.
Posted on 8/5/20 at 8:26 pm to Trout Bandit
quote:
frick them!! One of the most profitable companies ever and they're cutting benefits?? What a bunch of arrogant assholes.
How could anybody down vote this???
The MFers made insane profits. Tough times hit, and instead of just making modest profits and showing loyalty to the workers they say f—- off.
How can anyone who actually works for a living be ok with this?
Posted on 8/5/20 at 8:28 pm to lsusa
You are right. They should just lay them off.
Posted on 8/5/20 at 8:30 pm to Janky
Aren't you reading? They skirted the rules to do layoffs.
They don't have to lay you off if they just fire you.
They don't have to lay you off if they just fire you.
Posted on 8/5/20 at 8:31 pm to fightin tigers
quote:
Cry me a river about their loss.
I’m not crying about anything. Just pointing out that the guy yelling “frick the man” is an idiot. This just in: Fortune 500 company chooses shareholders over employees. In other news: Germans bomb Pearl Harbor.
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