Reader’s Digest Puts Away “Recession Plan”

Sign of the good times? Reader’s Digest CEO Mary Berner sent out an email to U.S. employees on Monday, announcing that a 16-month “recession plan” would end, as scheduled, in July. That means the return of 401(k) matching, an end to unpaid shutdown days and a set-aside for merit increases.

The plan was put into place when Reader’s Digest was still owned by private equity firm Ripplewood Holdings. It filed for Chapter 11 bankruptcy protection last August, before emerging earlier this year. Ripplewood was wiped out.