UPS delivers changes to 401(k) match

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US - Poor fourth quarter results have forced delivery firm UPS to change its 401(k) contribution match, although the company said its existing defined benefit (DB) scheme would remain unchanged.

UPS said fourth quarter earnings per share were US$0.83 - compared to $1.07 during the same period in 2007. UPS chairman and chief executive officer Scott Davis said: "The severe decline in eco...

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