Ho ho ho! Halliburton cuts off retiree benefits, ordered to restore them

[Bluebear]

HOUSTON - A judge ordered Halliburton Co. to reinstate health insurance for retirees of its former Dresser Inc. unit, ruling the company couldn't modify the health plans to eliminate the benefits.

Halliburton said Wednesday it disagrees with the decision by District Court Judge Lynn Hughes in the Southern District of Texas and is considering all options, including appeal.

The oil and gas services company said it will take a charge of up to $13 million in the fourth quarter for current and future retiree medical costs.

More than a year ago, Halliburton sought to change its medical plans for all retired employees to achieve parity.

http://story.news.yahoo.com/news?tmpl=story&u=/ap/20041222/ap_on_bi_ge/halliburton_dresser_retirees

[katinmn]

1. They have no shame!

So what if they payout 13 mil in medical costs. That was the compact they made with their employees.

Knowing what this company is like, I'd starve before I took a job with them.

[acmavm]

2. Geez, they're more than making up for this the way they're ripping off

the American taxpayer. This is chump change for those conniving bastards.