http://online.wsj.com/article/SB122952382923314165.html

Quote :

"Motorola Inc. moved Wednesday to freeze pensions and salaries, as well as take further steps to conserve cash as plummeting demand for handsets continues to take a toll on the wireless industry. The Schaumburg, Ill., maker of telecommunications equipment, which is struggling to compete in both the low and high ends of the cellphone market, also said it would suspend contributions to employees' retirement savings plans, just weeks after announcing broad cost reductions and layoffs."

Taking away 401k matches too.



all ripped from digg, i know.

[Edited on December 18, 2008 at 4:58 PM. Reason : .]

12/18/2008 4:56:32 PM

kk

12/18/2008 4:58:26 PM

i prefer the "flogging" version

12/18/2008 6:07:10 PM

THIS JUST IN. THE ECONOMY IS IN THE SHITTER. JOBS ARE BEING LOST, SALARIES ARE BEING FROZEN. THE GOVERNMENT THINKS IT HAS THE ANSWER, AGAIN.

STAY TUNED FOR MORE AT 7:00

12/18/2008 6:12:02 PM