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Article: Lucent pares health care benefits for some retirees
- Article from:
- The Record (Bergen County, NJ)
- Article date:
- September 9, 2003
- Author:
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Lucent pares health care benefits for some retirees -- Move is expected
to trim $75 million from costs
By MARTHA McKAY, STAFF WRITER
Date: 09-09-2003, Tuesday
Section: BUSINESS
Edtion: All Editions.=.Two Star B. Two Star P. One Star B
Citing slumping business and the skyrocketing cost of health care,
Lucent Technologies will slash health care benefits to legions of
its retirees.
The Murray Hill telecommunications equipment maker will raise premiums
and no longer pay certain health care or dental costs for a group
of about 50,000 mostly management retirees and their dependents, the
company said Monday in a filing with the Securities and Exchange Commission.
The ...