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[News] [Rival] Microsoft Axes Employee Benefits as Company Debt Grows (and Imminent Layoffs Rumoured)

  • Subject: [News] [Rival] Microsoft Axes Employee Benefits as Company Debt Grows (and Imminent Layoffs Rumoured)
  • From: Roy Schestowitz <newsgroups@xxxxxxxxxxxxxxx>
  • Date: Sat, 09 Oct 2010 22:29:44 +0100
  • Followup-to: comp.os.linux.advocacy
  • Newsgroups: comp.os.linux.advocacy
  • User-agent: KNode/4.4.2
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Microsoft Ends 100% Health Care Coverage For Employees

,----[ Quote ]
| One of the perks of working at Microsoft: 
| Health care costs that were 100% covered 
| by the employer. Until now.
| 
| Microsoft announced to its employees 
| Friday their "gold-plated" health care 
| coverage would end in 2013, at which 
| point the company would require employees 
| to begin contributing to their own health 
| care plans.
`----

http://www.fox40.com/news/headlines/ktxl-news-microsofthealth1008,0,2129755.story

Microsoft To Trim Healthcare Benefits For Employees In 2013

,----[ Quote ]
| Microsoft Corp. (MSFT), the world's 
| largest software company, said on Friday 
| it will trim its generous healthcare 
| benefits for employees starting in 2013 
| because of rising coverage costs. 
`----

http://online.wsj.com/article/BT-CO-20101008-712776.html
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