Posted: Nov 18, 2009 2:31 PM by Associated Press
Health insurer Aetna says it will cut 625 jobs, or nearly 2 percent of its staff, and will make a similar job cuts in the first quarter of 2010 due to the lagging economy and the potential impact of health care reform.
Aetna Inc. expects to book a $40 million restructuring charge related to the current layoffs. It will disclose the financial impact of future layoffs when those decisions are made.
The Hartford, Conn.-based company is not leaving any of its markets but will consolidate field offices to reduce real estate costs.