Reuters
US Labor Board judge rules Exxon must repay workers for suspended 401K match
(Reuters) -A U.S. National Labor Relations Board (NLRB) administrative law judge on Monday ordered Exxon Mobil Corp to make whole 1,800 employees at two refineries for lost earnings during a suspension of employer contributions to a 401K plan in 2020 and 2021. Exxon suspended the matching employer contributions for all employees between Oct. 1, 2020 and Oct. 1, 2021 to save money while sustaining heavy financial losses during the downturn in fuel demand because of the COVID-19 pandemic. Administrative Law Judge Christal Key said in a ruling accompanying the order that Exxon engaged in bad-faith bargaining while meeting with United Steelworkers (USW) union locals representing workers at the company’s refineries in Baytown, Texas and Baton Rouge, Louisiana.
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