Media General Staffers to See Benefits Shrink under Nexstar
Yesterday, FTVLive FIRST told you that the Nexstar people are making their way around to the Media General stations that the company is acquiring to talk to employees about the benefits under Nexstar.
We told you that longtime employees that were lucky enough to have five weeks a year of vacation time, have been told that will be reduced to four weeks because that's Nexstar's cap. Those with 4 weeks a year are now they're being dropped down to 3.
For health insurance, you can add your spouse for the normal spousal increase, but Nexstar is tacking on their own fee if employees take that option.
Now, FTVLive has heard from more MG employees that have been sat down for the talk. The employees learned that under Nexstar, they will lose one personal day and two holidays (MLK & Pres Day).
Staff was also told that when it comes to their 401K, Nexstar will only match half of what Media General did.
At this rate, one Media General employee told FTVLive, "I'll be working until I'm 90."
Stay tuned....