[Mb-civic] NYTimes.com: Benefits Go the Way of Pensions

[ialterman at nyc.rr.com]

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I wonder how many people realize that all of these things - layoffs, limited or no pensions, limited or no health care and other benefits - are all cost-cutting devices undertaken for one reason: to increase profit in order to maintain or increase shareholder value!!


BUSINESS | February 9, 2006
Benefits Go the Way of Pensions
By EDUARDO PORTER and MARY WILLIAMS WALSH
Companies are moving to unburden themselves of as much of the cost of supporting their retired work force as they can.
http://www.nytimes.com/2006/02/09/business/09pension.html?ex=1140152400&en=f7d06f66fdf74979&ei=5070&emc=eta1



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