Memo Cites Job Cuts at Health Insurer Aetna
There were no further details on when the cuts would come or how many employees would be affected.
Comments 0 | Recommend 0
An internal memo was sent to employees of Hartford, Connecticut-based Aetna
by Ronald Williams, chairman and CEO, explaining that “selective” cuts would
need to be made as a result of the economic slowdown, an Aetna spokesman
confirmed.
The spokesman provided no further details on when the cuts would come or how
many employees would be affected.
Aetna previously reported that its third-quarter net income dropped 44
percent to $277.3 million, primarily because of investment losses. Meanwhile,
the insurer reported that enrollment was up 1 percent to 17.7 million for the
quarter.
Filed by Jeff Casale of Business Insurance, a sister publication of Workforce
Management. To comment, e-mail editors@workforce.com.
Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed
from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies
or any other policies governing this site. You are fully responsible for the content you post.
If you enjoy the content on the Workforce Management Web site and want to see more, try 3 issues of our print edition risk-free. If you wish to continue, you will receive one full year for just $79. That's over 59% off the cover price. If you decide Workforce Management is not for you, just write "Cancel" on the invoice, return it and owe nothing. The 3 issues are yours to keep with no further obligation to us. Sign up below.
Offer valid for new Workforce Management Subscribers only.
Canada subscribers - $129. All other Foreign - $199.
Sponsored Tools
Time & Attendance Systems Easily collect time data with our exclusive clocks, and manage it through our software, TimeForce.Talent Management Software Applicant Tracking, Onboarding, HRMS, Performance Management all in 1 Platform!Top Performance Review Software Align goals, track performance year round,easy reviews-Free Demo & ResourcesEthics Training Your Company Needs Right Now! Truly effective ethics training does so much more than simply teach the rules. Your employees also need real-world skills in applying those rules. Bauer Ethics Seminars give employees the tools they need to really 'walk the talk' of great ethics!Eliminate HR Management Headaches with TriNet PEO solutions for a tough economy: request a free info kit! Serving the US and Canada since 1988.
= Member Only
