Labor & Economic News Blog
Wednesday, October 11, 2006
Hershey plans to phase out pensions but boost 401(k)s
Hershey plans to phase out pensions but boost 401(k)sBy Associated Press
Hershey, the nation's largest candy maker, said yesterday it is closing its traditional pension plan to new nonunion hires and reducing its future pension benefit for thousands of employees in order to cut costs.
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