Labor & Economic News Blog

Thursday, October 26, 2006

Qwest retirees denounce benefit reductions

Qwest retirees denounce benefit reductions
In StarTribune.com Business
Some Minnesota Qwest retirees said Wednesday they felt betrayed by the company's announcement this week that it will cut retirement benefits, which they said could be devastating for some former colleagues. "It's a terrible double-cross," said Arnie Albrecht of Roseville, who retired in 1994 as head of the company's regulatory operations in Minnesota. "To retain people, they promised them retirement benefits while they were employed. Then, after the people retired and didn't have any power, they jerked it out from under them." Qwest Communications said this week that in response to "market c

 



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