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Thursday, Aug 22
Will other large companies play follow the leader after UPS cuts spousal benefits?
- At first glance the move by UPS to cut health benefits for employees' spouses looks controversial, but the plan doesn't apply to 250K workers who are either in the Teamsters union or work outside the U.S.
- Analysts think that with the Obama administration sure to get much of the flak over the measure and the Teamsters calm, other large companies could follow the lead of UPS.
- Companies with the most employees: Wal-Mart (WMT) 2.2M, Yum Brands (YUM) 523K, McDonald's (MCD) 440K, IBM (IBM) 434K, UPS (UPS) 399K, Target (TGT) 361K, Kroger (KR) 343K.