Jan
28
Reader’s Digest Association Adopts ‘Recession Plan’
Posted in: Uncategorized
NEW YORK (AdAge.com) — Reader's Digest Association said today it plans to lay off 280 of its 3,500 employees worldwide as part of a plan to navigate the global economic slowdown. U.S. employees who are losing their jobs will be notified this week. The company also plans to suspend its practice of matching contributions to employees' 401(k) plans and order employees to take five unpaid days off.
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