Dow Jones trims benefits

Though The Wall Street Journal's circulation and site usage has increased, its parent company News Corp. is cutting back benefits in the face of economic woes.
Dow Jones Chief Executive Les Hinton announced the cuts in a memo Tuesday. The cuts will freeze the Money Purchase Plan and reduce health care subsidies for the retired.
Hinton said some of the money saved in the cuts would be put toward new health and wellness benefits.
Hinton said in the memo, "We want to give Dow Jones employees - whose ages, family situations, and career profiles are more varied than ever before - increased choice and enhanced coverage while providing individuals with better ways to manage health care costs."
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