ExxonMobil Illegally Halted 401(k) Payments, NLRB Judge Says (1)

ExxonMobil Corp. must compensate nearly 1,800 workers for lost earnings to their retirement accounts after the company illegally pulled its contributions, a National Labor Relations Board judge ruled.

NLRB Administrative Law Judge Christal Key ruled Monday that the energy company violated federal labor law by refusing to bargain with the United Steelworkers union and ceasing its contributions to employees’ 401(k) accounts without getting consent from the union.

Two USW locals accused the oil and gas giant of unilaterally halting its matching programs for unit employees between October 2020 and October 2021. The locals represent nearly 1,800 workers at two refinery ...