Dow Jones CEO Les Hinton says other media companies are making benefits changes driven by short-term necessity, but his team
conducted a "deep" 18-month review of the entire benefits program.
The result: a lower rate of company contributions to retirement savings programs starting next year. In addition, the
company's retiree health-care subsidy will be curtailed for most employees effective in January. Older employees, long-time employees and current retirees will continue to be eligible for a subsidy
in a revised retiree health-care plan.
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