• AT&T Cuts Retiree Healthcare & Employee Benefits [telecom]

    From Bill Horne@21:1/5 to All on Mon Dec 27 16:19:21 2021
    in ATT onFebruary 7, 2021

    As a recruiter I'm often asked about benefit packages offered by
    certain companies. Over the last year there have been substantive
    changes in benefits coming from Fortune 500 companies with most of the
    changes going the wrong way. We've seen many large corporations choose
    to cut employee benefits whether that be pension, 401(k), or
    healthcare. Verizon created headlines all the way back in 2005 when
    they announced they would freeze their pension program. In the years
    to come many corporations followed suite by moving to defined
    contribution plans as opposed to defined benefit plans. This trend
    culminated in General Electric deciding to freeze the largest pension
    fund in the United States. Other corporations have decided to target
    401(k) plans. ExxonMobil announced earlier this year that they would
    suspend their 401(k) matching program indefinitely. Which brings us to
    AT&T ...

    https://techstaffer.blog/2021/02/07/att-announces-big-cuts-to-employees-benefits/

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