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Honored Contributor
terrier3
Posts: 13,954
Registered: ‎03-10-2010

Re: AOL Reversal - a Win for Workers

‎02-09-2014 11:17 AM

On 2/8/2014 millieshops said:

No reason to single out AOL - bigger companies than AOL started the same procedure before AOL climbed on the wagon.

They are the first company to REVERSE the annual contribution practice and go back to regular payroll contributions.

It's a good thing!

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Honored Contributor
terrier3
Posts: 13,954
Registered: ‎03-10-2010

Re: AOL Reversal - a Win for Workers

‎02-09-2014 11:20 AM

On 2/8/2014 chrystaltree said:

Good point, I thought the same thing. It wouldn't be hard to identify those women. Terrible invasion of their privacy. But not a financial burden for a company like that. There are other factors in play there. I suspect. I also wonder if the employees won the battle but will eventually lose the war. AOL could wait a year and just end the matching contribution. Many companies already have.

I doubt if they will eliminate 401K company contributions.

All of their competitors offer great bennies - Facebook, Google, etc. They need to be able to attract the best and brightest workers.

It's not a matter of needing to save money either - they had their best quarter in years and did so well the CEO got a huge raise.

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