Home URBAN OH NO: Entercom Suspends 401 (k) Matching/Possible Wage Freeze

OH NO: Entercom Suspends 401 (k) Matching/Possible Wage Freeze

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CEO David Field sent a 2-page company-wide letter to employees yesterday that stated the company was making a few changes to reflect the economic downturn…first the company has suspended matching contributions to 401(k) plans until the “economy recovers.” (OUCH) is also considering a wage freeze in 2009.