UPS, Cigna, Hostess Announce Bonuses, Investments, and Free Snacks Due to Tax Reform

Cigna chief executive David Cordania said in a statement, “It is because of our employees that Cigna continues to deliver on our mission to improve the health, well-being and sense of security of those we serve. Reinvesting a portion of savings from tax reform in our employees is a reinvestment in our mission.”

“We’ve entered 2018 with considerable momentum for growth in each of our businesses, as we continue to invest in market-leading capabilities to create differentiated value for our stakeholders,” Cordani added.

UPS also announced on Thursday that they will invest more than $12 billion to expand the company’s Smart Logistics Network, and increase UPS’s pension funding.

“This $12 billion investment program is an outgrowth of the opportunity for tax savings created by the Tax and Jobs Act,” said David Abney, UPS chairman and chief executive. “We will increase network investments and accelerate pension funding to strengthen the company for the long term, so that we maximize the benefit to our global customers, employees and shareowners.”

Abeny continued, “We applaud President Trump and Congress for their bold action to improve the U.S. economy. Our investments will create new jobs, secure existing jobs and expand opportunities for our people.  We are committed to remaining a preferred employer by continuing to provide industry-leading compensation and excellent career opportunities.”

“Tax reform is a tremendous catalyst,” said Abney.  “We will continue to evaluate additional actions that benefit customers, employees and shareowners as we progress further in the year.”

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