Ohio’s Nationwide slashes 35,000 employees’ benefits

35,000 Nationwide workers’ vacation benefits eliminated.

Columbus, OH(JusticeNewsFlash.com)–Nationwide Mutual Insurance Company a group of large U.S. insurance and financial services companies based in Columbus, Ohio informed their 35,000 employees their vacation benefits would be drastically changed and reduced. As reported by Columbus Business First, Nationwide informed their workers in an April 8, 2009 memo they expect to save the company $16.5 million in 2009 by cutting employee benefits.

The corporate executive memo informed their work force they were cutting the number of earned vacation days employees could carry over from year to year. To add to the benefit slash sting, corporate managers are no longer allowing employees to buy additional vacation days and suspending referral bonuses. The insurance company leaders also disclosed on April 3, 2009, it was cutting 480 positions.

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Heather L. Ryan, R.N., C.L.N.C- Heather Ryan is a Certified Legal Nurse Consultant with 15 years of experience in the health care industry. Her expertise in reviewing medical records and assisting lawyers with the determination as to whether legal action should be taken provides an invaluable asset to the newsroom. Medical-malpractice, products liability, personal injury and workers’ compensation are some of the recent areas of litigation Ms. Ryan has focused her efforts on. A member of the Florida Justice Association, Heather maintains a long list of certifications and credentials to support her areas of expertise and stays up-to-date with her clinical knowledge working as an emergency room/trauma nurse, at a Level 1, Adult/Pediatric trauma and teaching institution in South Florida.