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Company Offering "Voluntary Separation" and Suspending 401k Match

April 28th, 2009 at 01:35 pm

My husband's company is now offering a Voluntary Separation package, so we figure if there are not enough people who volunteer, there will be more layoffs. We feel fortunate that we feel pretty secure in his position. They are also suspending the company's 401k match until later notice and reducing the ESOP. Sign of the times, I guess. With all of this news, we are feeling like our yearly bonus will probably suffer quite a bit (that's not until Sept.) and that will affect our debt paydown.

Oh well, we'll just have to focus on being fortunate enough to even have a job and feel somewhat secure in that.

1 Responses to “Company Offering "Voluntary Separation" and Suspending 401k Match”

  1. boomeyers Says:

    Good luck! I hope he stays on the lucky side of the job!

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