12.20.2008

Back in the driver's seat?


CHICAGO (Reuters) - Federal Express Corp's decision this week to force its salaried workers to take at least a 5 percent pay cut and to suspend its 401(k) match isn't just bad news for the shipping giant's employees....



The moves also underscore how much the tables have turned on U.S. workers as a result of the economic crisis, which has put employers firmly back in the driver's seat.

[From FedEx delivers ominous new twist with benefit cuts | U.S. | Reuters]

When were they out?



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