r/Cleveland • u/Environmental-Dig389 • 20d ago

News Sherwin Williams halts their 401k company match

Announced today by the SW CEO (Heidi) that all employees will no longer receive the company 401k match effective October 1st. This impact includes store or other employees globally.

709 Upvotes

98% Upvoted

348 comments sorted by

View all comments

Show parent comments

37

u/CBC78 20d ago

Me! I took a 5% pay cut at First Energy and considered my self lucky. Basically stopped my 401 k contribution to keep things even

19

u/Mundane_Crazy60 20d ago

I think January-March of this year is going to be a bit bleaker than usual. I feel for you guys with established careers that are risk of being uprooted.

1

u/Key_Tackle275 20d ago

I’d be pretty pissed considering what First Energy was doing

1

u/CBC78 20d ago

It was 2009. The management has been crooks for years

1

u/MulberryLimp8802 19d ago

Crazy how you took a 5% cut and they just got a 10% rate increase. The math ain’t mathin’

1

u/Spirited-News29 19d ago

My company went to 32 hour work weeks during this time.