As of 2009, Lenscrafters will no longer match thier employees 401k contributions. They are reducing Full-time hours, taking away portions of employees Paid-Time-Off and reducing raises for annual performance reviews. What a great way to say thanks to your employees for helping you to increase your sales by 10%. Please add your comments!
Important : LUXOTTICA'S FY 2008 CONSOLIDATED NET SALES UP BY 10.7%.
The incentive for young people has been that matching funds that companies have been supplying to them and now without that, I think the incentive to save is going to be plunging.