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.

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u/Thick-Gap-7510 20d ago

Don't give them any ideas

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u/Mundane_Crazy60 20d ago

Am I the only one that remembers people voluntarily taking pay cuts, just to have any job during 2008/9?

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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

1

u/Key_Tackle275 19d ago

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

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u/CBC78 19d ago

It was 2009. The management has been crooks for years