HOUSTON (Reuters) - Exxon Mobil Corp told employees it would begin suspending the employer match to retirement savings plans beginning in early October, said sources who received a message from the company on Tuesday.
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Wow. Such a topical posting. Why not tell us what's happening over at Boeing, or Wells Fargo or Fiat-Chrysler while you're at it.
And this effects us how ? They dump pension match here you’ll see an exodus towards the doors....lol
https://www.reuters.com/article/us-exxon-mobil-retirement/exxon-to-suspend-company-match-to-employee-retirement-plans-in-october-sources-idUSKCN2510IG
Are you kidding? Airlines cut their schedules way back. Oil contracts had negative prices a few months back. Nobody is driving as much as they did. Exxon reported earnings a few days ago and they were the worst in over 15 years.
Given all that bad news though, they said they’d just cut company matching...bravo that so they’re not quick to lay off people (at least not yet).
I’m pretty sure that there’s no way Exxon is broke.
cool story bro