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Exxon Suspending 401K 6% Match in October
Posted on 8/5/20 at 7:28 pm
Posted on 8/5/20 at 7:28 pm
Cutting workers benefits before cutting dividends.
44
Posted on 8/5/20 at 7:31 pm to Matt225
Ouch.
Posted on 8/5/20 at 7:31 pm to Matt225
shite my company stopped matching a long time ago
Posted on 8/5/20 at 7:31 pm to Matt225
It’s a 7% match
Posted on 8/5/20 at 7:32 pm to Matt225
Sounds like most companies.... Actually most companies would have just started layoffs instead
Posted on 8/5/20 at 7:33 pm to Matt225
Several companies have done that already. Mine not included so far. Knock on wood.
Let us hope it comes back soon.
Let us hope it comes back soon.
Posted on 8/5/20 at 7:33 pm to Matt225
Gonna be a lot of good employees lookin to move when the economy turns around..
Posted on 8/5/20 at 7:35 pm to Matt225
Pales in comparison to the 8% forced cut in the salaried workforce. Layoffs without calling them layoffs so they don’t have to offer packages or follow any rules.
Posted on 8/5/20 at 7:36 pm to Matt225
quote:damn they are just suspending it?
Exxon Suspending 401K 6% Match in October
Our match was the first thing cut back in April
Posted on 8/5/20 at 7:39 pm to Matt225
This like the only time it pays to be a government subcontractor.
Posted on 8/5/20 at 7:41 pm to Matt225
My company ended 401k match in March. Sucks but no layoffs yet.
Posted on 8/5/20 at 7:43 pm to Matt225
All oil companies are doing stuff, this is minor. At least most get to keep their jobs.
BP will be laying off a lot
BP will be laying off a lot
Posted on 8/5/20 at 7:44 pm to Matt225
I never had benefits
Posted on 8/5/20 at 7:45 pm to Slim Chance
We furloughed a couple of my salaried sales guys and have since brought them back, but have not touched our 6% of compensation plus 3% over that.
Posted on 8/5/20 at 7:45 pm to Slim Chance
So far we haven't had any layoff of company employees or cut of benefits. We have let some contractors go. But upper management is starting to get worried.
Posted on 8/5/20 at 7:48 pm to Matt225
That sucks.
My company is laying some people off. I have survived so far (even got promoted), but my project is on hold from Covid. I’m worried.
My company is laying some people off. I have survived so far (even got promoted), but my project is on hold from Covid. I’m worried.
Posted on 8/5/20 at 7:51 pm to Matt225
frick them!! One of the most profitable companies ever and they're cutting benefits?? What a bunch of arrogant assholes.
Posted on 8/5/20 at 7:55 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.
Ok commie. This is real world.
Posted on 8/5/20 at 7:58 pm to Matt225
Chouest cut theirs in 2014.
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