A slow travel market, weakening economy and disappointing fourth quarter officials say are prompting Tulsa-based Dollar Thrifty Automotive Group Inc. to make major salary and benefit cuts, Tulsa World reports.
In its third retrenchment of the past year, the rental car company is suspending its matching contributions to employees’ 401(k) retirement plans. It is also suspending merit pay increases for executives and enacting 21 percent salary cuts for executives at the vice president level and above.
