The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
December 22, 2008

FedEx Suspends All Contributions to Workers’ 401(K) Plans
---------------------------------------------------------



In other economic news, several major corporations are trimming their
contributions to their workers’ 401(k) retirement plans. Last week, Fed
Ex announced it would suspend all of its contributions to workers’
401(k) plans for at least a year. Eastman Kodak, Motorola, General
Motors and Resorts International are among other companies that have cut
matching contributions to their plans since September.



.