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- Sep 30, 2011
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The Washington Post (9/23/14) reported that the paper's new ownership would be slashing retirement benefits for employees:
The Washington Post announced large cuts in retirement benefits on Tuesday, declaring that it would eliminate future retirement medical benefits and freeze defined-benefit pensions for nonunion employees.
The company also said that in negotiations that started Tuesday, it will seek to impose the same conditions on employees covered by the union–one of the first indications of how the Post's new owner, Amazon.com founder Jeffrey P. Bezos, will manage relations with the staff of the news organization.
The changes will hit hardest at employees hired before 2009 who could plan on receiving pension payments based on their income and years of service. Each of those employees could see scores–or hundreds –of thousands of dollars less over the course of a retirement.
Jeff Bezos Takes WaPo s Advice Rips Off WaPo Workers
There is a part of me that firmly believes that this is absolutely horrendous.
Then I remember Charles Lane.
The Real Reason Why This 8216 Washington Post 8217 Op-Ed Demands More Defense Spending Americans Against the Tea Party
I realize that WaPo whole heartedly supports this and should be screaming from the headlines how much they love it.
The Washington Post announced large cuts in retirement benefits on Tuesday, declaring that it would eliminate future retirement medical benefits and freeze defined-benefit pensions for nonunion employees.
The company also said that in negotiations that started Tuesday, it will seek to impose the same conditions on employees covered by the union–one of the first indications of how the Post's new owner, Amazon.com founder Jeffrey P. Bezos, will manage relations with the staff of the news organization.
The changes will hit hardest at employees hired before 2009 who could plan on receiving pension payments based on their income and years of service. Each of those employees could see scores–or hundreds –of thousands of dollars less over the course of a retirement.
Jeff Bezos Takes WaPo s Advice Rips Off WaPo Workers
There is a part of me that firmly believes that this is absolutely horrendous.
Then I remember Charles Lane.
The Real Reason Why This 8216 Washington Post 8217 Op-Ed Demands More Defense Spending Americans Against the Tea Party
I realize that WaPo whole heartedly supports this and should be screaming from the headlines how much they love it.
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